SFG Australia, the wealth management firm formerly called Snowball Group, has added a non-executive director to its board following the resignation of an executive director.

Naseema Sparks takes the role of independent, non-executive director with immediate effect. Spark currently holds a number of non-executive directorships, including Blackmores Limited, PMP, DealDirect, Chartis Australia, Sydney Dance Company and Racing NSW. Her appointment is almost concurrent with the resignation of Tony McDonald as executive director. McDonald will remain employed by the firm until his scheduled departure on 4 October this year.

Snowball was renamed into SFG Australia in June 2011 after the former merged with Shadforth Financial Group, a wealth management firm in Australia. As of 31 December 2011, SFG has A$10.8 billion ($11.2 billion) in funds under advice, A$9.2 billion in funds under administration and A$4 billion in funds under management.