Business head departs Skandia
Skandia is in the market for a new platform business head after announcing that it will be losing Mark Papendieck from the beginning of December.
The funds manager said Papendieck had resigned as general manager, retail, to pursue personal business interests.
Papendieck joined Skandia as chief operating officer in 2005 and assumed his retail position late last year.
The Skandia announcement said Papendieck’s personal business interests included several company directorships and investments in businesses such as Financial Simplicity.
Recommended for you
Far too few wealth managers are capitalising on the opportunity presented by disruptive technology to deliver personalised investment solutions to the mass affluent demographic, according to PwC.
With over half of advisers using managed accounts, HUB24’s head of managed portfolios has unpacked the benefits driving their usage and how they can be leveraged by advice practices.
The FSCP has announced its latest verdict, suspending an adviser’s registration for failing to comply with his obligations when providing advice to three clients.
ASX-listed platforms HUB24, Netwealth, and Praemium have used their AGMs to detail how they are using artificial intelligence to improve their processes and the innovative opportunities it presents.