Skandia rewards Borysiewicz with board seat

bt-financial-group/chief-executive/chairman/

18 February 2005
| By Michael Bailey |

Richard Borysiewicz has been rewarded for a successful seven months heading distribution for Skandia by being granted a place on the group’s board.

Borysiewicz is not giving up any responsibilities in making the move, and will continue to lead a team of 27 business development managers and key account and relationship executives.

The board governing Skandia’s $2.5 billion under management in Australia meets quarterly, when chairman Gunnar Moberg, also Skandia’s Asia-Pacific chief executive, flies down from Hong Kong.

Other executives on the board are Ross Laidlaw (Australian chief executive), Charles Magro (head of product and strategy) and Chris O’Hehir (chief operating officer). Non-executive directors are Sarah Brennan and David Lewis.

Borysiewicz joined Skandia in July 2004, after a tumultuous period where merger activity sent him from Rothschild Australia Asset Management, to BT Financial Group and then Principal Global Investors in quick succession.

During 2004, Skandia’s local assets under management doubled, and revenue grew 270 per cent on 2003.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months 4 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

5 months ago

ASIC has suspended the Australian Financial Services Licence of a Melbourne-based financial advice firm....

2 weeks 1 day ago

The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered....

2 weeks 6 days ago

ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test....

3 weeks 4 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND