Knox takes over as Cawsey departs St George
Sealcorp head Ian Knox will take on the role of head of investment services withSt GeorgeBank after investment services group executive Richard Cawsey announced his departure from the group.
Cawsey says the reason for his leaving the group was that he felt he no longer fitted into the bank’s structure, with his departure from the group, announced this morning, taking effect immediately.
“The bank and I came to a mutual agreement to terminate my employment, after deciding the fit was not quite right,” Cawsey says.
According to a statement issued by St George, Knox will take on the role vacated by Cawsey Investment in an acting role while the bank searches for a permanent replacement.
The role of heading up the Investment Services group involves the responsibility for Advance Asset Management, St.George Private Bank, Sealcorp,WealthPointand the Financial Planning and Advisory Sales teams.
Cawsey’s departure comes as the bank pushes ahead with a major internal review of its operations under new chief executive Gail Kelly.
Cawsey, who is already looking at other employment opportunities, says Kelly has his support in the review she is undertaking.
“I am totally behind what Gail is doing, I think she is heading in the right direction,” Cawsey says.
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