Smedley to chair new BHP business
Colonial boss Peter Smedley has been named chairman of BHP's long products business, to be called OneSteel.
Colonial boss Peter Smedley has been named chairman of BHP's long products business, to be called OneSteel.
The new position is Smedley’s second new board appointment this year. He was also offered a seat on the Commonwealth Bank’s board after it made a $10 billion bid for the company.
Apart from his experience in financial services, Smedley is also the deputy chairman with gold miner Newcrest Mining and he spent nearly 30 years with Shell Australia.
Recommended for you
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
New Zealand’s financial regulator is following the footsteps of its Tasman neighbours and proposing to conduct a review on improving the accessibility of financial advice and advice business models.