The advice company announced the appointment of senior investment professional Aman Ramrakha into the newly created CIO position, commencing on 29 January based in Sydney.
According to Entireti, Ramrakha will be a key member of its research and investment services team and will report to John Carnevale, the firm’s executive general manager of research and investment services.
The incoming CIO brings over three decades of experience in the Australian financial services and advice industries and recently spent nine months as the executive director of research at Rainmaker Information.
Prior to this, Ramrakha worked at research house Morningstar for five years as its director of manager selection services. He also held the executive manager of research position at Commonwealth Bank for over a decade and was previously the head of technical services at BT Financial Group.
Entireti was formed as the parent company of Fortnum Private Wealth and Personal Financial Services (PFS) in April last year, following Fortnum’s acquisition of Australian Unity’s PFS business in November 2023.
Later in August 2024, it was announced that Entireti would acquire AMP’s advice licensees – AMP Financial Planning (AMPFP), Hillross and Charter Financial Planning – and Jigsaw for $10.2 million, while AZ NGA would acquire minority stakes held by AMP in 16 practices for $82.2 million.
The major deal reached completion in December 2024, making Entireti Australia’s largest advice business with some 1,300 advisers in its ranks.
Under the new structure, Entireti’s executive leadership team consists of:
- Neil Younger, group CEO and managing director.
- Glen Castensen, group chief operating and financial officer.
- Daniela Mascarello, executive general manager, group risk.
- Matt Lawler, CEO NewCo (AMPFP, Hillross, Charter and Jigsaw),
- Matt Brown, CEO, Fortnum and PFS.
- Cassandra Salmon, executive general manager, group technology.
- Simone Munro, executive general manager, group people and brand.
- Nick Hilton, executive general manager, advice delivery.
- John Carnevale, executive general manager, investment services.
“Our focus is not about being the largest, it’s about increasing our relevance for advisers and their clients both now and into the future,” Entireti Group CEO Neil Younger said at the time.
“Our model supports multiple advisory brands and propositions under the one roof, underpinned by high quality, centralised shared services. We are an all-encompassing business partner to the advice community and our intent is to continue evolving our offerings to help advice businesses expand their capacity and capability so they can help more people and, in doing so, grow their business.”
