New chair on Managed Accounts Holdings board

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

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 2 weeks ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 2 weeks ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 6 days ago

Insignia Financial has made four appointments, including three who have joined from TAL, to lead strategy and innovation in its retirement solutions for the MLC brand....

1 day 6 hours ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 4 days ago