Changing of the guard at Garrisons
Garrisonsfounder John Sikkema will be vacating the managing director position of theChallenger-owned group and will move to executive chairman, which will herald in Kim White as the new managing director.
Sikkema has occupied the managing director’s seat for 12 years after setting the company up in1986 as a financial planner. Originally the group went under the name of The Investment Advisers, Tasmania.
In his new role, Sikkema will focus on the strategy of the group, while also acting as convenor of the Challenger Advisory Services Board.
White will be taking the managing director role after last year being appointed deputy managing director. Prior to this, White held a number of senior positions with theAXAgroup, including general manager of the Summit Master Trust. White will now be charged with the group’s operations, strategy and direction.
“Kim has been with Garrisons for just under a year and in that time he has made an enormous contribution to the group’s ongoing development,” Sikkema says.
The new appointments follow the retirement of Garrisons and Synergy Capital Management chairman John Thomas, who had been chairman for two years. Prior to being chairman, Thomas was a board member of Sovereign Limited, which held a 45 per cent stake in Garrisons prior to its acquisition by Challenger in late 1999.
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