Colonial marketing boss goes in restructure
Colonial First State (CFS) has restructured its marketing department to bring marketing functions closer to the areas they support, resulting in the retrenchment of the division’s boss of two years, Rebecca Murray.
The top marketing executive will now be Danielle Murrie, who had overseen the group’s marketing to Commonwealth Bank-aligned channels, as well as to external advisers.
Murrie will now report directly to CFS chief executive John Pearce, rather than Rebecca Murray as she had in the past. Some of the departed Murray’s responsibilities have also been taken up by Richard Nunn, the general manager of distribution.
A CFS spokesperson said the restructure aimed for clearer accountability and more relevant reporting lines in marketing.
For example, head of brand and advertising, Peter Duvall, will no longer report to the general manager of marketing, but to general manager of strategy Nicolette Rubinsztein.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.