Hillross authorised representative Arrive Wealth Management has created a new head of investment strategy role, appointing a former BT exec to the position.
Felix Stephen, who was previously at BT-aligned Advance Asset Management, has been formally added to the investment committee.
Arrive director Brett Roberts said the Brisbane firm had previously taken input from various external specialists, but had formalised the position with the new role.
Mr Stephen has more than 45 years' experience in international banking, treasury, fixed income, foreign exchange and portfolio management.
He retired from Advance in April 2014, having been there since May 2004 as head of strategy and research. Currently, Mr Stephen serves as chairman of Volunteers to Assist Children with Disabilities, a charity he started with his wife in Sri Lanka in 2011.
Before migrating from the UK to Australia in 1987, Felix was the manager of treasury at the Bank of Ceylon, London.
Arrive's managing director, John Kazakoff, said Mr Stephen's considerable experience will bring deep insight to the investment committee.
"Felix is known for his specialist knowledge and brings a strong network of key local and international contacts within the banking and finance industry. His addition to our investment committee complements our longstanding relationship," Mr Kazakoff said.
SUBSCRIBE TO THE IFA DAILY BULLETIN
- 10:02Former Dover and Synchron adviser banned for five yearsBy Eliot Hastie
- 09:37Very few Australians save and even fewer invest their moneyBy Reporter
- 09:49Advisers undercharging clients for efforts, says CEOBy Adrian Flores
- 23 Jan 2019Adelaide adviser permanently banned from industryBy Eliot Hastie
- 23 Jan 2019Bowen slams ‘woeful’ handling of royal commissionBy James Mitchell
- 23 Jan 2019Gender super gap lower but still at 34%By Adrian Flores
- view all