Top Advance exec poached by Tower
Tower Australia has appointed former Advance Asset Management head of product Sue Mieog as head of its investment products, as part of an ongoing strategy to strengthen its investment management capability.
Mieog has been head of product at Advance for the past two years, and she has also held previous positions at ING and BT.
Tower Investments chief executive Grahame Evans said Mieog’s appointment reflected the group’s strategy to improve its relationship with the financial planning community on the investment side.
Evans was himself appointed to Tower from Professional Investment Services (PIS) in June this year as part of the same strategy.
“We’ve appointed Mieog to our most senior level in our senior executive team to bring the experience of her involvement with Advance, ING and BT into the group.
“She will be working heavily on three different areas, including the investment strategy overall, the product strategy and also in regard to our existing book,” Evans said.
“Tower is still a risk specialist but our involvement on the investment side is really to support and work with the distribution we work with on the risk side.
“However, they have different needs than what I would call the investment advisory specialists, and we are working particularly on strengthening this side of the market.”
Recommended for you
The corporate regulator has issued infringement notices to three AFSLs whose financial advisers provided personal advice to a retail client while unregistered.
Rather than taking a controlling approach, the latest generation of overseas private equity deals is helping advice firms to achieve their growth ambitions, three commentators have said.
Private wealth firm Fitzpatricks Group has appointed a newly created head of product, who previously spent 20 years at CFS, to bolster its range of investment options.
The Financial Services and Credit Panel has made a written direction after advice regarding non-concessional contributions meant an individual was forced to withdraw over $330,000 from their super.
