Gunning announced chief executive of Ord Minnett
Former Commonwealth Financial Planning (CFP) general manager Tim Gunning has been appointed chief executive of specialist financial services provider Ord Minnett.
The announcement follows yesterday’s revelation that Gunning had resigned from his post at CFP.
Gunning has been replaced at CFP by national manager David Mackay but is not due to begin his role as chief executive until October 1. Gunning will replace the current chief executive and managing director Karl Morris, who will take on the position of executive chairman at Ord Minnett.
Under Gunning’s management will be Ord Minnett’s private wealth, portfolio services, funds management and corporate finance businesses.
Morris said Gunning’s experience in financial services made him the “ideal fit” for Ord Minnett, which was acquired by Australian Wealth Management last year before it merged with IOOF Holdings in April this year.
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Shaw and Partners has merged with Sydney wealth manager Kennedy Partners Wealth, while Ord Minnett has hired a private wealth adviser from Morgan Stanley.
