O'Shannassy to depart BlackRock
The long-serving managing director of BlackRock in Australia, Maurice O’Shannessy, is to step down later this year when the company’s merger with Barclays Global Investors is complete.
A spokeswoman for the company said O’Shannassy had announced his intentions during formulation of new arrangements for the new entity.
O’Shannessy was appointed managing director and chief investment officer for BlackRock in 1997.
Recommended for you
Sequoia Financial Group has announced it is selling off its Informed Investor subsidiary which it acquired in April 2022.
Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.
Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.
With only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.