People Moves
ANZ Names Former Commonwealth Exec To Newly Created Advisory Role
ANZ has expanded its financial advisory business with the
appointment of
Paul Barrett to the newly-created role of general manager for
advice and distribution.
The move comes as Australian banks step up their game in
preparation for AMP's planned takeover of AXA Asia Pacific and as
ANZ itself is bulking up following its acquisition of ING
Australia. Barrett most recently served as general manager of
advice at Colonial First State, the wealth management arm of
Commonwealth Bank. He will report to John Van Der Wielen, the
wealth management director of ANZ.
In this new capacity, Barrett will be responsible for all
financial planning and advice distribution networks, including
aligned dealer groups, open market dealer groups, and other
alternative channels. ANZ has over A$46 billion under
management.
