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PEOPLE MOVES: NAB, Wealth Wizards, Nedbank Private Wealth

By Robbie Lawther, 19 Jul 19

Former RBS chief moves to Australian bank, while digital advice firm makes C-suite hire

National Australia Bank (NAB)

Ross McEwan has been named group chief executive and managing director of the Australian banking group, subject to regulatory approval.

New Zealand-born McEwan has been chief executive of Royal Bank of Scotland (RBS) since 2013.

McEwan announced his resignation from RBS in April 2019 and will start with NAB no later than April 2020.

He will be invited to join the NAB board.

Prior to RBS, McEwan was at Commonwealth Bank of Australia, where he was group executive for retail banking services for five years.

Reports suggest that he could earn as much as A$9.5m (£5.35m, $6.7m, €6m) per annum, comprising a base salary of A£2.5m and performance-related targets.

The appointment means that Phillip Chronican will transition from interim chief executive to chairman in mid-November 2019, replacing Dr Ken Henry.

Chronican has been interim chief executive since March 2019, following the resignation of Andrew Thorburn after four and a half years as chief executive.

Henry indicated his intention in February to resign from the board once the permanent chief executive was appointed.

He joined the board as a director in 2011 and became chairman in 2015.

Wealth Wizards

The digital financial advice firm has named Peter Coleman as chief commercial officer.

He was previously the former chief executive of Positive Solutions, and financial planning and strategy director for Prudential’s advice division.

Coleman has experience in business development, driving mergers and acquisitions, as well as leading transformations on behalf of organisations, such as IFA network Burns-Anderson.

Nedbank Private Wealth

John Harris has been hired as a non-executive director of the banking group.

Harris joins the firm after 12 years as the director general of the Jersey Financial Services Commission (JFSC) and a member of the board of commissioners.

He also spent 22 years working for NatWest Bank, during which time he held management positions in the UK, France, Belgium, Switzerland, Singapore, Hong Kong, Nassau and the Channel Islands.

Standard Life Aberdeen

The UK insurer and asset manager has hired Jonathan Asquith as non-executive director, effective from September.

Asquith previously served as chief financial officer at fellow asset manager Schroders from 2002 to 2007, before becoming vice chairman until his departure in 2008.

He is currently deputy chair at investment firm 3i Group but is expected to retire in 2020.

Tilney

Steve McNamara and Hollee Vivian have been named as a financial planner and associate financial planner at the Winchester office, respectively.

This is the first time that financial planners will be based in the office, it had previously focused exclusively on providing investment management services to private clients.

McNamara joins from national advice firm Chase de Vere, where he worked for five years as a financial planner.

Vivian joined Tilney four years ago as a financial adviser based in Bracknell, before earning a qualification to become a financial planner.

Hawksford

The private client service provider has appointed Heather Wilkins as a director in its governance, risk and compliance (GRC) team.

In the role, Wilkins will focus on the group’s enterprise risk management operation.

Wilkins was previously risk director at Sanne Group for six years.

XPS Pensions Group (XPS)

The consultancy firm has hired Alasdair Gill as head of the Scotland investments team.

Gill joins from Mercer, where he spent over 22 years based within the north of England and Scotland.

He will be responsible for expanding the Scotland investments team’s business.

Tags: NAB | Nedbank | Standard Life | Tilney Smith & Williamson | Wealth Wizards | XPS Pensions Group

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.