Macquarie has reshuffled its banking and finance division, seeing the departure of two senior execs and the creation of a new chief investment officer role, now filled by the current global head of research.
It is understood that Riccardo Briganti, head of research at Macquarie Private Wealth, and Patrick Dieter, head of insurance advice, have parted ways with the company.
John O'Connell, who was the global head of research at the financial services giant for more than 17 years, will take up the newly-created role of chief investment officer, banking and financial services.
The head of advice position is currently unfilled; the head of research position at Macquarie Private Wealth will be absorbed in the new chief investment officer position.
A Macquarie spokesperon would not comment on the reasons for the departures.
Mr Briganti had spent almost 20 years at Macquarie prior to his departure. According to his LinkedIn profile, he had been a senior strategist and senior quantitative analyst before becoming a division director.
Mr Dieter joined Macquarie in 2009 and spent time as head of insurance advice, head of paraplanning and head of the advice delivery team.
He was previously national risk development manager at Hillross Financial Services, and was also an assistant commissioner at the Australian Ice Hockey League.
These departures follow that of Tanya Branwhite, who left her position of head of Australian macro research at Macquarie Bank in January.
In February, Ms Branwhite took up the position of director of listed equities at the Future Fund.
She had been at Macquarie for 11 years.
SUBSCRIBE TO THE IFA DAILY BULLETIN
16 Feb 2018Compliance engagement low with rating agenciesBy Jessica Yun
16 Feb 2018Hub24 responds to ASIC allegationsBy Killian Plastow
16 Feb 2018ASIC flags changes to adviser registerBy Killian Plastow
16 Feb 2018Former adviser excluded from industry under ASIC EUBy Staff Reporter
15 Feb 2018FASEA CEO defends professional designationsBy Killian Plastow
15 Feb 2018Synchron names new NSW managerBy Staff Reporter
- view all