Browne quits CFS for CommInsure


Tim Browne has left his position as head of advice delivery for Colonial First State (CFS) to take up the newly created role of general manager, retail advice, for CommInsure.
Browne was named head of advice delivery for CFS in December last year, prior to which he was known from his time as general manager of Commonwealth Bank-owned dealer group Financial Wisdom.
Browne’s appointment is part of a broader restructure of the CommInsure business, with the group announcing the creation of four new general manager roles along the business lines of retail advice, wholesale life, direct life and super and investments.
As general manager, retail advice, Browne will be responsible for CommInsure’s retail risk product range, its advice distribution team as well as the group’s technical, sales, and training support for advisers and dealer groups.
Greg Ballard, CommInsure’s general manager of investments has been confirmed as general manager of superannuation and investments, responsible for CommInsure’s $20 billion in personal super and investment products.
Gareth Newton, CommInsure’s general manager of business services has been appointed general manager of direct life.
The group is yet to announce who will take the role of general manager, wholesale life.
The restructure was announced by CommInsure managing director, Paul Rayson, who was appointed to that role last year following Simon Swanson’s departure.
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.