People Moves
Australian Wealth Management Firm Names New CEO
Australian wealth management company
Ord Minnett has announced the appointment of
Tim Gunning as its new chief executive officer.
Mr Gunning was previously the general manager of Commonwealth
financial planning for Commonwealth Bank and will be assuming his
new role effective 1 October 2009. He replaces Karl Morris, who
will officially become the executive chairman of the firm on the
same date.
"I am looking forward to growing what is already a great
stockbroking franchise in the Australian wealth management market
and to continue to develop first class wealth management products
for investors," said Mr Gunning in a statement.
He will be responsible for Ord Minnett Private Wealth, Portfolio
Services, Funds Management and Corporate Finance operations.
Ord Minnett was majority acquired by Australian Wealth Management
in May 2008, which then merged with IOOF Group in April 2009.