Boonzaier to step down at Tower…
Long servingTower Limitedgroup managing director James Boonzaier has announced his retirement after being with the group for 12 years and will leave at the end of July.
The announcement was made by the chair of Tower Limited Colin Beyer who says the board was appreciative of the efforts of Boonzaier since he joined the group in 1990.
Since that time the group has moved from being a New Zealand based mutual life business to a financial services group operating in the Australian and New Zealand market and listed on both the Australian and New Zealand Stock Exchanges.
Tower Limited has spent much of the past decade moving into and expanding its presence in Australia which now accounts for 70 per cent of the group’s business.
The search for a replacement has begun with the group stating it would look internationally for a candidate and that in the interim Keith Taylor, currently Tower Limited’s Group Chief Financial Officer, would act as group chief executive.
Recommended for you
Money Management examines the share price of financial advice licensees over one year to 31 March, with M&A actions in the final quarter having a positive effect for two licensees.
A $3.5 million settlement for victims of Melissa Caddick has been approved by the Federal Court following an initial agreement last December.
The Reserve Bank of Australia has delivered its first rate decision since the introduction of a new board structure last month.
Digital advice provider Otivo has launched an interactive tool, powered by artificial intelligence and Otivo’s own advice engine, to help answer client questions.