OAMPS chief executive to head AFS
By Craig Phillips
AustralianFinancial Services(AFS), which has been without a full-time managing director since August 2003, has appointed insurance group OAMPS Financial Management chief executive officer Peter Daly as its new head.
Daly will join the group in April with a chief mandate to grow the business, according to AFS chairman Barry Stephen.
Stephen has been acting head of the group since August last year following Geoff Moore’s departure after an eight-year stint with the Melbourne-based dealer group.
The delay in appointing a new head of the group, which is 37 per cent owned byZurichwith adviser firms accounting for the remaining equity, was due to a full strategic review by the board to assess the future direction of the firm.
On a separate note, Daly joined the board ofDeakin Financial Services Grouplast May, however, stepped down later in the year following the announcement of Deakin’s merger with AustChoice.
AFS, which Stephen says operates as a co-operative and has in excess of $2.5 billion in funds under advice, has over 100 authorised representatives operating out of more than 50 offices across Australia.
The firm was established in March 1997 as a co-operative of advisers with the idea of bringing together two disparate groups — financial advisers and life advisers.
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