Netwealth exec to depart following Fortnum merger

"It has been a very, very good three years building up the profile of Netwealth Advice and what we have done here in terms of the operational aspects," Mr Micallef said, noting he had opted to move on.

When asked about his subsequent movements, Mr Micallef said he was primarily focused on ensuring the staff and advisers affected by the merger are well looked after and that the advice group is well positioned for the future.

"I will consider other opportunities as they arise," he said.