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.
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