GS JBWere extends employee ownership
By Craig Phillips
GoldmanSachs JBWere is offering eight more senior staff the option of taking an equity stake in its Australian business.
More than 100 of the firm’s long serving and senior staff hold an equity stake in the business, which is 45 per cent owned by the broader group and 55 per cent owned by staff.
“The equity ownership program is an important part of our approach to attracting and retaining talented professionals within our team and recognising them for their contribution and commitment to the firm and its clients,” Goldman Sachs JBWere executive chairman and chief executive Terry Campbell said.
Those to be offered a stake in the business are Sydney-based David Acton (equities), Bruce Craven (fixed income, currency and commodities) Brad Gale (retail) and Mark Wills (equities). Others include Melbourne-based Christian Johnston (investment banking), Roy Keenan (fixed income, currency and commodities), Tony Osmond (investment banking) and Auckland-based Michael Jeffs.
Meanwhile, the firm’s asset management arm has also appointed a senior analyst to focus on healthcare, cyclical industrials and building material stocks.
Mike Glenane has joined the firm after running his own consulting company specialising in the healthcare industry. Prior to this, Glenane worked in similar roles with both Credit Suisse First Boston and McIntosh and Company focusing on industrial and healthcare stocks.
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.
