An IOOF spokesperson has confirmed to ifa that former Lonsec Stockbroking chief executive David Wylie has joined Ord Minnett in a full-time capacity.
Former Lonsec Limited general manager, sales and marketing, Jeremy Pree has also joined the Ord Minnett group in recent weeks.
“David and Jeremy have joined [Ord Minnett] in an effort to grow the intermediary side of the business,” the spokesperson said.
“They will be engaged in providing wholesale broking services to IFAs and financial planning groups.”
Have Lonsec put themselves on ‘hold’ as they often do to fund managers when key personnel leave?