Dalton Nicol Reid brings new CEO
Independent investment manager Dalton Nicol Reid has appointed Robert White as its new chief executive officer and head of distribution.
It comes after former CEO and one of the founders Harley Dalton left the company.
"We are pleased to have found such a high calibre professional with a depth of knowledge in both wealth and funds management across a diverse client base of retail, wholesale and institutional investors," director and chief investment officer Jamie Nicol said.
"In the last six months, we have secured two institutional mandates, our funds under management has reached $850 million and we have broadened both our investor and shareholder bases."
White has nearly 20 years experience in the financial services industry. Most recently he was executive director and head of advice at JBWere Private Wealth Management.
Before that he was the chief executive officer for Certitude Global Investments (previously HFA Asset Management) where he and his team implemented strategy that saw the business grow funds under management from $80 million in 2003 to $4 billion in 2008.
White will begin his role on 24 March.
Recommended for you
Minister for Financial Services, Stephen Jones, has announced he will be retiring at the upcoming federal election.
Culture clashes and differing management styles are among the reasons why, recruiters tell Money Management, they see employees changing jobs post-M&A activity.
Iress has announced it will divest its superannuation business as the latest step in its transformation program, allowing it to focus on wealth management.
The corporate regulator has named its new chief executive, who is set to replace retiring interim CEO Greg Yanco in March.