Firstfolio restructures management team
Firstfolio has restructured its senior management team as it plans to expand its eChoice from an online mortgage finance broker to a more diversified financial services platform.
The restructure includes the addition of two senior industry executives, former ING head of mortgage management Brett Mansfield and former Virgin Money director Andrew Russell.
The appointments follow the resignation of chief operating officer Warren Nicholls.
Mansfield and Russell will join a revamped management structure, Firstfolio chief executive Mark Forsyth said.
“With these appointments, Firstfolio brings on board added capability to expand into new products and services offering significant growth potential," Forsyth said.
Under the new structure, Mansfield will be eChoice and wholesale lending general manager and will oversee the expansion of eChoice.
Russell will be third party and product distribution general manager and focus on development of new financial products and services.
Recommended for you
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.
Having sold Madison to Infocus earlier this year, Clime has now set up a new financial advice licensee with eight advisers.
With licensees such as Insignia looking to AI for advice efficiencies, they are being urged to write clear AI policies as soon as possible to prevent a “Wild West” of providers being used by their practices.
Iress has revealed the number of clients per adviser that top advice firms serve, as well as how many client meetings they conduct each week.
