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".
Recommended for you
The UK-based global asset manager has formed a new group executive committee to accelerate its growth strategy following the commencement of its new CEO this month.
Momentum Media has announced 26 winners across 10 individual and 15 group categories for its brand-new Australian AI Awards.
The financial services industry is currently “overwhelmed with quality and quantity of candidates”, Kaizen Recruitment explains, leading executives to face 12-month long recruitment processes.
Zenith Investment Partners has appointed an experienced research executive as its new group head of research following the departure of Bronwen Moncrieff.