St George realigns retail and wealth management
St George Bank has announced what it describes as an “organisational realignment”, which will see the creation of a new retail bank and wealth management division.
The move sees the integration of the retail financial services and retail business divisions, which will now be headed by Paul Fegan.
The chief executive of Asgard Wealth Solutions, Geoff Lloyd, will report to Fegan, but will join the group executive management team.
Recommended for you
Schroders has appointed a new chief executive as Simon Doyle steps down from the asset manager after 22 years.
Distribution of private credit funds through advised channels to retail investors will be an ASIC priority for 2026 as it releases the results of its thematic fund surveillance and guidance for research houses.
State Street Investment Management has taken a minority stake in private market secondaries manager Coller Capital with the pair set to collaborate on broaden each firm’s reach and drive innovation.
BlackRock Australia plans to launch a Bitcoin ETF later this month, wrapping the firm’s US-listed version which is US$85 billion in size.

