BOQ board grows to 10
The founding managing partner of Ferrier Hodgson South Australia, Bruce Carter, has been appointed to the board of Bank of Queensland.
The banking group announced the appointment to the Australian Securities Exchange (ASX) this week, saying Carter had extensive accounting, risk, business review and restructure experience across both the private and public sectors.
BOQ chairman Roger Davis said Carter brought valuable commercial and industry skills to BOQ's board.
"Bruce has broad experience as a board and audit committee chair and as director across a diversified industry portfolio including resources, insurance, entertainment, property and retail," Mr Davis said.
Carter's appointment is in line with BOQ's stated desire to increase the number of directors from eight to 10, to ensure the board has an appropriate mix of skills and experience to manage the significant responsibilities of an APRA-supervised financial institution.
Carter's appointment follows the recent appointment of Margaret Seale in January, and brings the total number of directors to 10.
Recommended for you
Sequoia Financial Group has announced it is selling off its Informed Investor subsidiary which it acquired in April 2022.
Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.
Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.
With only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.