Guild bags $100 million under management
Guild Commercial, the commercial arm of the Pharmacy Guild of Australia, is to change its name reflect the group’s financial service activities.
Guild Commercial, the commercial arm of the Pharmacy Guild of Australia, is to change its name reflect the group’s financial service activities.
Managing director Brian Benger says the name change for the financial services arm to Guild Insurance and Financial Services is a logical progression for the group.
“The change of name for the holding company was a logical move to complete the transition from a company name that in the past had been misunderstood, to something customers easily understand,” Benger says.
The name change also comes at a time when the group’s superannuation fund, Guild Super, has reached $100 million funds under management.
The group has also announced two new members to the board with Ron Champion and Peter Littlejohn joining by the end of August.
Champion is currently director of the Victorian Managed Insurance Authority and will step down from his current position as UniSuper chief executive in September to take up the Guild board role.
AUTHOR
Jason Spits
Recommended for you
With Insignia Financial suffering a cyber attack on its Expand platform, this can potentially have a negative impact on the two private equity bids currently in play for the firm.
State Street Global Advisors has made an equity investment in Ethic, a platform helping financial advisers to produce bespoke portfolios, reflecting the greater client demand for customised portfolios.
WT Financial’s new entity with Merchant, Investco, has entered into a heads of agreement to merge three financial advice firms.
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
