Bombora Advice announces new chairman

financial-planning/life-insurance/risk/life/

1 December 2015
| By Daniel Paperny |
image
image
expand image

Bombora Advice has appointed consulting firm executive, Kevin Martin, as chairman of Bombora Advice, with the appointment commencing in January next year.

Currently, Martin is the managing director of consulting firm Alto Nominees and has a background in assisting organisations to implement business strategies, acquisitions and disposals, as well as developing corporate change programs.

Bombora's managing director and founder, Wayne Handley said the appointment comes on the back of a successful period for the advice group — which was first established in July 2013 — with Bombora focusing on business growth and talent acquisition to help expand its national network.

"The group has been very successful to date in steadily growing its business by attracting quality risk advice specialists," he said.

"Kevin's extensive expertise and executive management skills will help to guide the organisation to attain its objectives to operate under a corporate model in the new professional advice era."

According to Handley, the introduction of the Future of Financial Advice (FOFA) reforms have changed the regulatory climate surrounding financial advice and, as a result, Bombora was well-placed to deliver "a benchmark corporate advice model and offering".

Martin added that he was looking forward to the opportunity of working with Handley to "grasp and capitalise" on the opportunities that the group's long-term strategic plan will provide.

"The Australian financial services industry is continuing to undergo change in response to new legislation, regulations and the proposed Life Insurance Framework (LIF)," Martin said.

"However, I believe the outlook is very promising for Bombora, as it is well-positioned to succeed in this environment. I look forward to contributing to the advancement of the organisation".

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks 1 day ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

3 weeks ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 6 days ago

TOP PERFORMING FUNDS