Lowe to lead PSI Group
The former co-founder and managing director of OnePath-owned Oasis Asset Management, Wayne Lowe, has taken on a new role as chief executive officer (CEO) of superannuation and financial planning firm PSI Group.
Lowe replaces Paul Kolatchew, who left the Newcastle-based group in March 2010 to take on a role with ING Australia (now OnePath) as business development manager of group risk.
Lowe comes to PSI group with more than 23 years experience, most recently as chief operating officer of superannuation and investments for ING Australia (now OnePath).
Lowe said he was pleased about being a part of PSI as it enters an exciting period in its development.
“It’s quite different running a company with 40 people after running a company with 160 people, but I’m finding it very interesting,” he said.
Of the appointment, PSI chairman Graham Poole said that Lowe’s proven track record in developing and leading successful businesses will ensure the foundations of the company.
Recommended for you
The strategic partnership with Oaktree Capital and AZ NGA is likely to pave the way for overseas players looking to enter the Australian financial advice market, according to experts.
ASIC has cancelled a Sydney AFSL for failing to pay a $64,000 AFCA determination related to inappropriate advice, which then had to be paid by the CSLR.
Increasing revenue per client is a strategic priority for over half of financial advice businesses, a new report has found, with documented processes being a key way to achieving this.
The education provider has encouraged all financial advisers to avoid a “last-minute scramble” in meeting education requirements prior to the 31 December 2025 deadline.