Otivo appoints new chairman
The digital financial advice service has appointed Ian Knox as chairperson, replacing former MP and chair of the Future of Financial Advice Enquire (FOFA), Bernie Ripoll.
The appointment followed Otivo’s growth into financial service firms, corporate employee wellbeing programs and individual consumers.
Ripoll would remain as non-executive director.
A selective private investor in small and medium-sized enterprises (SMEs), Knox had previously been chief executive of Lendlease investment services and also held the position of chief executive at Sealcorp, which housed Asgard Capital Management.
He was a former deputy managing director at Westpac Investment Management and founded financial advice network Paragem in 2004, which was bought by HUB24 in 2014.
Additionally, he was a regular spokesperson over the last two decades supporting the professionalisation of financial advice.
Noting rising interest rates and ballooning debt, Knox believed personal guidance would “assist millions of Australians in need of everyday help”.
“I’ve been following the Otivo journey since launch and I believe the company has social, ethical and consumer driven objectives,” he said.
Otivo was founded in 2014 by Paul Feeney, a former private banker and financial planner. The online service aimed to make financial advice more accessible by closing the unaffordability gap that grew post-Royal Commission.
Clients using the platform to offer financial wellbeing services to their workforce included Latitude Financial Services, Pacific Blue, Rio Tinto, Assure Programs, and Ernst & Young.
AUTHOR
Jasmine Siljic
Recommended for you
AMP non-executive director Kathleen Bailey-Lord and Iress non-executive director Susan Forrester have been appointed to the national board of the Australian Institute of Company Directors.
Wealth manager JBWere has announced the launch of two fixed income strategies for wholesale clients, backed by UBS Asset Management.
Firetrail Investments has confirmed the departure of four executives over the last quarter, including head of investment strategy Anthony Doyle.
Ares Management has announced a new offering aimed at providing Australian wholesale clients, investors access to its private equity investment strategies, anchored in secondary investments.
