Monaghan departs StatePlus

financial-planning/first-state-super/departure/

24 June 2016
| By Mike |
image
image
expand image

StatePlus managing director, Michael Monaghan, has confirmed his exit from the company following its acquisition by First State Super.

Monaghan said he had left following completion of the transaction after five years in his role as managing director.

"StatePlus was a unique business to run and I was given a free hand by the Board and STC [SAS Trustee Corporation] to completely transform it and ready it for a digital future," he said.

"Now it is time for me to take a break and enjoy some travel, before writing the next chapter. This will most likely involve exploring additional opportunities as a non-executive director."

First State Super raised eyebrows in May when it agreed to pay more than $900 million for the StatePlus business, effectively outbidding a number of trade buyers.

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 ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks 1 day 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 ago

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

1 week 6 days ago

TOP PERFORMING FUNDS