New chair of DPSL board announced
Direct Portfolio Services (DPSL) has appointed a new chair for the combined Pentafin and DPSL board. Philippa Smith AM will replace the former chair, Gail Burke, who will remain as a board member.
Pentafin chief executive Connie Mckeage said: “Philippa’s leadership roles, including five years as the Commonwealth Ombudsman, have allowed her to develop strong strategic skills and a passion for superannuation and its impact on the industry.”
Smith was the chief executive officer of the Association of Superannuation Funds of Australia (AFSA) for nine years and is the director of the First State Super Trustee Board. She was awarded the Centenary Award and the Order of Australia in 2003.
“Pentafin’s strategic focus on delivering a comprehensive client administration capability will enable fund managers, platforms and super funds to deliver the highest standards of service to their investors and members across a broad array of investments,” Smith said.
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.
