ANZ seeks new dealer group head

ANZ has commenced an executive recruitment search for a replacement to head up its financial planning operations. This follows a decision by incumbent general manager ANZ Financial Planning, Dean Nalder, to relocate to Perth after accepting a senior role within the group’s retail banking business.

Nalder, who is responsible for ANZ Personal Advisory Services, which has close to 300 advisers and more than $7.5 billion in funds under advice, will take on the role of WA and SA state manager for personal banking and relocate to Perth in the new year after a replacement has been found.

Nalder says the decision to move west was a personal one, as he originates from Perth and was keen to return there with his family.

The new role is a “win-win” he says, as the bank was also keen to have someone on the ground in WA.

To date, WA and SA had been managed from Melbourne by Mark Tolsen, however, Tolsen’s decision not to relocate to Perth paved the way for Nalder to join the bank’s retail banking division.

“It’s more a family issue for me and I wanted to return to Perth. It’s also good because it’s a great opportunity within the bank,” Nalder says.

“At the moment, I run every state of the financial planning business from Melbourne so it’s not going to be an issue servicing South Australia from Perth,” he adds.

The decision was announced internally last Wednesday.

Earlier this year ANZ Personal Advisory Services, which was established in 1986, was ranked as the fourth fastest growing dealer group behindProfessional Investment Services,AXA Financial PlanningandGarvan Financial Planning.