IOOF names new SFG CEO
IOOF has named a new chief executive for Shadforth Financial Group.
The company announced today that it had recruited News Corp Australia general manager, Angus Benbow to the role.
It noted that Benbow had previously held positions at Perpetual where he was focused on high net worth clients.
Confirming the appointment, IOOF managing director, Chris Kelaher said he believed Benbow would bring experience in financial services, business strategy and general leadership.
Kelaher paid tribute to the strong contribution of previous CEO Nick Bedding who left SFG in late August for a career break after seven years at the company.
Recommended for you
A financial advice firm has been penalised $11 million in the Federal Court for providing ‘cookie cutter advice’ to its clients and breaching conflicted remuneration rules.
Insignia Financial has experienced total quarterly net outflows of $1.8 billion as a result of client rebalancing, while its multi-asset flows halved from the prior quarter.
Prime Financial is looking to shed its “sleeping giant” reputation with larger M&A transactions going forward, having agreed to acquire research firm Lincoln Indicators.
An affiliate of Pinnacle Investment Management has expanded its reach with a London office as the fund manager seeks to grow its overseas distribution into the UK and Europe.
