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Macquarie Wrap founder re-emerges at stockbroking firm

The former chief operating officer of Macquarie's banking and financial services group, Neil Roderick, has been appointed as non-executive chairman of stockbroking firm OpenMarkets.

Mr Roderick's appointment, effective immediately, is the first appointment to the firm's newly-created board.

Prior to his appointment, Mr Roderick worked for Macquarie Bank, retiring in 2013 as chief operating officer of the banking and financial services group.

During his time with Macquarie, he founded the Macquarie Wrap, Professional Series and retail life insurance businesses, as well as leading the Cash Management Trust.

"We are confident that Neil is going to make an important and positive impact on our company. Neil is a pioneer in the financial services industry and we are excited to have someone of his calibre on our Board," OpenMarkets chief executive Rick Klink said.

"His intimate knowledge of the industry, broad connections and technical skills will be extremely valuable to OpenMarkets as we continue to expand into wealth management services.

"Most importantly, he has a passion for business innovation and disruption. His track record of applying technology to processes, starting up new lines of business and seeing it through to commercial success are skills which are very apt for the phase we're now in," Mr Klink said.