In a statement released on Wednesday, Synchron said it had appointed Hanna Abdullah, currently head of compliance and chief risk officer for independent licensee Sentry Group, to fill the role of head of compliance, policy and regulatory.
The dealer group said its general manager of legal and compliance Michael Jones, who was promoted into the role in February, had resigned effective 14 August.
Ms Abdullah, who was currently based in Perth, would commence in the role on 17 August and relocate to Synchron’s head office in Melbourne when COVID restrictions permitted.
Mr Jones, a former director of compliance for UBS Wealth Management, joined the company in 2016.
Synchron director Don Trapnell said Mr Jones’ role would be eliminated in favour of two heads of compliance, with Ms Abdullah to work alongside Synchron’s head of compliance, advice assurance, Allison Massey.
“We have decided not to fill the role vacated by Michael, but in recognition of the importance of compliance, instead to elevate both heads of compliance so that they report directly to the Synchron board,” Mr Trapnell said.
“We thank Michael for the valuable contribution he made to Synchron during his time with us. He leaves with our very best wishes.”
The group had also promoted senior compliance officer Stefanie Georgiades to the role of team leader, regulator compliance, reporting to Ms Abdullah.
The best talent that Don should be looking for are the ones that win awards and are recognised by their peers,unfortunately there is no one that fits the bill in the compliance world
Is winning awards a measure of talent?? or is it just a factor of self promotion. There are plenty of talented people in compliance. The people who don’t appreciate them or what they do are usually the buffoons who have compliance issues. Is that you Michael?
I can’t see the benefit of a mid tier licensee employing another mid tier licensee’s compliance person. It’s like Westpac’s employing CBA’s head of compliance. Not really inspiring from a compliance move.
Wonder how they sit with fee for no service? Their state managers sell you that you don’t need to use any software at Synchron and we have business friendly compliance.. must all have amazing record keeping
Incorrect. Either Xplan or Adviser Logic must be used.
to ‘just saying’, you are wrong! xplan or adviser logic needs to be uses. You are not ‘just saying’ you are ‘just assuming’, and its ppl like you who assume has led us to do all these Fasea exam, degree etc, ,also to let you know, at Synchron, not all who wants to join can join, you got to me amongst the best to qualify and admitted, not any tom, dick or harry can join
I’ll let you tell that to asic
I know what you are trying to say basically but for goodness sake, check your English.
Your spelling and punctuation is terrible, not becoming of a professional adviser.
Nothing wrong with this Tom as long as they excel in their capability so a question that should of been asked and demonstrated at the interview is how do you build implement and monitor a best interest duty framework that meets and excels ASICs requirements without imposing extra burden on the advisers?
If they can demonstrate this then give them the job and a large salary
Um let me see it may be something to do with the ponzi SMSF scheme that has not hit the news yet or the amount of files ASIC have requested
He is actually doing the right thing by employing two people although would say if you want the best then you need to pay the money
Compare this nice send off to AMP’s send off.
[quote=Harry Muff]Beware synchron advisers. This is not good news. [/quote][quote=Harry Muff]Beware synchron advisers. This is not good news. [/quote]Oh dear!!! Hang on to your hats boys!
A massive loss for Synchron, always loved his compliance talks…he is a champion in getting the message across in so many interesting and innovative ways. Will be interesting to see where Michael turns up.
AMP
nice good luck hanna
probably just submitted their diversity report and realized they needed 3 more women in management roles, so smell ya later jonesy boy and hello split one role into two.
Well aren’t you a delight? No wonder this industry is under such scrutiny with dinosaurs like you in it.
IFA – this is disgraceful for you to allow this comment to be posted. In 2020 can you believe that this type of attitude continues to exists, not to mention a cheap shot and slur for what is supposed to be a professional industry – yeah right – real professional.
Beware synchron advisers. This is not good news.
why do you say so?
An ex. sentry person as a lead on compliance?
Care to shed some more light in this comment?
Very difficult person to work with. Compliance is vital, but Hanna would rather see no business written, and therefore no complaints.
That’s rubbish! You wouldn’t be saying that if Hanna was on your side trying to save you from a complaint made against you from a client!
You follow your BID, then cover that with FASEA code of ethics, then you leave detailed file notes, with recordings, if all the steps are followed well, no need to worry!