Commonwealth Bank chief executive Ian Narev has spoken out publicly on the Senate report and proposed Royal Commission following calls from aligned advisers to enter the fray.
The comments follow reports in the Fairfax newspapers on Saturday that financial advisers licensed through the CBA’s Financial Wisdom dealer group have specifically called for the CEO’s personal intervention.''Unless Ian Narev comes out this will drag on for a long time and cause a lot of pain,'' one anonymous Financial Wisdom authorised rep reportedly told Fairfax. ''Narev as CEO needs to talk.''
Magellan wrapped up a tumultuous year with a 9 per cent drop in average funds under management.
With more still to come.
The CEO of a privately owned advice network has urged executives to focus on how they have helped their advice network when entering the 2022 ifa Exce...
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