Futuro restructures its team
Independently-owned, non-aligned ASF licensee, Futuro Financial Services, has announced it has completed the restructure of both its business and the executive team, which saw Paul Kelly take over as managing director.
He replaced Dennis Bashford, who would move to the role of executive chairman.
According to Bashford, the company decided to introduce a succession programme that would see a transfer of responsibilities and "significant restructure of both the business and the roles of the executives over the last 12 months".
"It was important for us to be confident that everyone was capable and happy with their responsibilities and that their talents were maximised before making things permanent," he said.
Kelly said: "Futuro is looking to exploit Dennis' standing in the industry which will see his focus becoming much more strategic and considering that he has been in the industry since its inception we are keen to see his experience, contacts and knowledge being fully exploited".
Bashford stressed that he was not contemplating retirement as he was "thoroughly enjoying his changed role".
AUTHOR
Oksana Patron
Recommended for you
Trustee and fund administration platform MSC Group has promoted Shelley Brown as its chief operations officer, having successfully completed the integration of the Certane Corporate Trust business.
Australian Unity’s group managing director and chief executive has announced his plans to retire at the end of the year after two decades leading the company.
TAL has appointed a senior manager for investment strategy and portfolio management who joins from a lead role at AIA.
Global wealth management platform FNZ has appointed a new group head of APAC, while boutique investment manager TWC Invest welcomes a chief technology officer.
