New chair on Managed Accounts Holdings board

Managed-Accounts-Holdings/Peter-Brook/

12 February 2019
| By Anastasia Santoreneos |
image
image
expand image

Managed Accounts Holdings has announced former Pillar Administration chief executive officer, Peter Brook, will step up as its new non-executive chair, replacing Don Sharp.

Brook joined the Managed Accounts board in April last year after a 40-year career in executive and director roles at Pillar, StatePlus, Alinta Energy, Challenger Financial Services Group, MLC and Grant Thornton.

The announcement followed Sharp’s announcement to step down from the role, citing increased executive responsibilities as a result of taking on the role of interim chief financial officer until a replacement for former CFO, Mark Pozzi, is found.

In an announcement to the Australian Securities Exchange, the firm said Sharp’s remuneration would be temporarily increased to $240,000 per annum (plus superannuation) during the period he performs the duties of CFO. The salary is equivalent to what is currently being offered to a replacement CFO, and includes his remuneration as executive director.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months 1 week ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

3 weeks 1 day ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

2 weeks ago

One licensee has lost 27 advisers in the past week, now sitting at zero, according to the latest Wealth Data figures....

3 weeks 1 day ago

TOP PERFORMING FUNDS