Van Munster to depart Tyndall
Industry veteran, Bob Van Munster, will retire from Tyndall Asset Management later this year after almost 40 years in the financial services industry.
Tyndall announced Van Munster's impending departure this week as the company's head of Australian Equities at the same time as announcing that his successor would be Brad Potter, effective from 1 June.
Potter has been with Tyndall since 2002 and has been co-managing the company's flagship Australian equity strategy with Van Munster for the past seven years.
Van Munster's co-management responsibilities for the Australian equity strategy will be taken over by portfolio manager Jason Kim, with effect from 1 May 2014, with Warwick Cumming continuing in his role as deputy head.
Recommended for you
ASIC commissioner Alan Kirkland has detailed the regulator’s intentions to conduct surveillance on licensees and advisers who are recommending managed accounts, noting a review is “warranted and timely” given the sector’s growth.
AMP and HUB24 have shared the areas where they are seeking future adviser growth, with HUB24 targeting adding more than 2,000 advisers to the platform.
Bravura Solutions has appointed a new chair and deputy chair to take over from departing Matthew Quinn, while Shezad Okhai picks up another responsibility.
Two advisers say M&A is becoming a “contact sport” as competition heats up to acquire attractive advice firms, while a lack of new entrants creates roadblocks in organic growth opportunities.
