Opportunity lies in private banking, says BT
BT Financial Group has appointed Jane Watts as general manager of Westpac Private Bank, following the departure of Jan Swinhoe.
Watts joins Westpac Private Bank after eight years at Macquarie Private Wealth. BT Financial Group chief executive Brad Cooper said there was a “real opportunity” around wealth management in the high-net-worth segment.
“The private banking industry in Australia is still in a rapid state of evolution and our momentum is centred on delivering a broader suite of services that is more aligned to the needs of our high-net-worth clients,” he said.
Recommended for you
Nearly seven in 10 HNW-focused advisers view alternatives as the asset class that will be fundamental to meeting client demands in the future, according to Praemium.
The Perth-based advice practice has welcomed a private wealth adviser and senior paraplanner to its ranks amid its strategic shift towards wealth transfer strategies.
The number of members expelled from the Australian Financial Complaints Authority almost doubled between 2023 and 2024, according to internal data.
Perth financial advice firm Wealth Management Partners has merged with global financial services firm Gallagher.