Diversa appoints new chief executive
Listed financial services company Diversa Group has moved managing director Stuart Korchinski into a new role as chairman of the group and elevated its head of funds management and trustee services, Vincent Parrott, into the chief executive officer position.
The appointment of Parrot to the CEO role also marks the first time the group has had someone working in this capacity as it has been lead by Korchinski as part-time managing director since 2009.
Korchinski will replace Matthew Morgan as chair while Morgan will continue to sit on the four person board as a non-executive director alongside Stephen Bizzell, who co-founded the group with Morgan, former Deakin Financial Services chief executive Garry Crole and Korchinski.
Parrott is a co-founder of boutique asset manager and former managing director of Souls Funds Management (now owned by Treasury Group and called Celeste Funds Management) and has been Diversa’s head of investment management since 2010 and head of trustee services since 2011.
Diversa said the change in roles was part of positioning the company to implement growth plans in the group’s superannuation and insurance promotion and administration services, superannuation trustee services and investment management services. The group currently has $1.5 billion in funds under trusteeship, management and administration.
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