CFS planning restructure

24 September 2009
| By Mike Taylor |

Colonial First State has restructured its financial planning businesses into a single entity — the Colonial First State Advice Business.

The single business will act as an umbrella for Colonial First State Financial Planning, BankWest, Financial Wisdom, Whittaker McNaught and Advice Essentials, and will be headed by Paul Barrett as general manager.

The changes to the structure have been announced by CFS chief executive Brian Bissaker.

The group will be continuing the recruitment process for a new general manager of distribution and a new head of Commonwealth Financial Planning following the recent departure of Tim Gunning.

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