Mawson names new chief executive

chief executive officer chairman

4 November 2003
| By Craig Phillips |

Financial planning dealer Mawson Group has appointed formerTower Australiaexecutive Les Mace as its chief executive officer almost a year since former group head Robert Steele stepped down from the role.

Mace joined the group in a consulting capacity back in July and was heavily involved in launching Aurora Financial Services - a specialist dealer group for planners specialising in risk and superannuation advice.

Prior to Mace cementing his new role within the group, which includes both dealer groups Mawson Securities and Aurora, chairman Peter Johnson had been acting in the role since Steele cut back his involvement with the firm for personal reasons back in December 2002.

Mace, who was aided by Steele in launching Aurora, is looking forward to the challenge of steering Mawson.

“My main challenge is a challenge that’s facing the whole industry as everybody focuses on transitioning under FSR. From Mawson Group’s perspective my main aim is to increase adviser numbers and maintain dividend levels to shareholders,” Mace says.

Mace has set a target of having 100 advisers signed up to Aurora by Christmas, withMoney Managementreporting two weeks ago that 50 were already committed to joining the fledgling dealer group.

The group’s flagship dealer groupMawson Securitieshas 139 proper authority holders and $250 million in funds under advice, with Mace adding that he will also be focussed on growing its business too.

Before joining the firm, Mace was Tower Australia general manager sales.

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