Co-CEOs for Shaw and Partners
Shaw and Partners has announced that its managing director, Allan Zion, and its head of wealth management, Earl Evans, will now share management responsibilities of the business as co-chief executives.
Zion will take lead responsibility for all infrastructure and operational aspects of the business while Evans will take lead responsibilities for all revenue generating activities, including management of institutional, corporate finance, private wealth, and fixed income divisions.
The investment and wealth management firm said the move would afford management with the ability to facilitate increased penetration into the respective areas of the business to unlock further business opportunities.
Shaw and Partners' non-executive chairman, Paul Masi, said: "The move to a co-CEO model is a natural evolution for the business and will be key to achieving all of the goals we have set for ourselves in terms of the expansion of our retail, institutional, corporate and research offering, while meeting the needs of the regulators and legislators".
Zion has been the firm's managing director since 2009 and has been with the company since 1991, while Evans joined the firm in 2015 from Macquarie Bank where he was CEO of the North American banking and financial services division.
Recommended for you
Selfwealth has provided an update on the status of its scheme implementation deed with Bell Financial Group as well as whether rival bidder Svava remains in the picture.
Magellan Financial Group has reported its first half FY25 results while appointing a new chief financial officer and promoting Sophia Rahmani to chief executive.
Schroders Australia has launched two active ETFs and plans to further expand its listed range over the year ahead.
Platform Netwealth has reported its financial results for the first half of FY25, reporting an 80 per cent increase in net flows, with its CEO viewing a “huge opportunity” from private assets.
