In a statement, the company’s executive chairman, Mark Bouris, said Vow Financial executive Tim Brown has been appointed CEO of lending. At the same time, Yellow Brick Road chief executive Matt Lawler has been named CEO of wealth management. Their new roles will now apply company-wide.
The move to have both entities work together is intended to achieve some “big” group goals in the coming years, the statement said.
“Our intention in 2016 is to double down on our wealth activities and maintain the momentum in our lending businesses. As a result, I have reappointed our current CEOs’ portfolios to align with the two business units and reflect their individual expertise and strengths,” Mr Bouris said.
Mr Brown will now head up sales and product distribution across the Yellow Brick Road group of companies. Meanwhile, Mr Lawler will increase the volume of mortgage customers who take up wealth management advice and products.
Chief commercial officer Scott Graham will support Mr Lawler and Mr Brown by overseeing the company’s operations and will “ensure the business stays agile”, the statement said.
“Our company goals are ambitious but with the new structure in place we will be well placed to achieve them,” Mr Bouris said.
“I’m confident these leaders have the drive, experience and knowledge to propel Yellow Brick Road Holdings forward towards our big objective to become the leading non-bank financial services company in Australia.”
“Maintain the momentum of our lending business”
“head up sales and product distribution”
“these leaders have the drive, experience and knowledge” to achieve the objectives/goals…which are product distribution and lending results?
Where the hell are your advisers in all this?
Be refreshing to hear Mr Bouris talk up some of his advisers who are the ones helping clients focus on their goals, rather than talking up the suits that sit behind the scenes focussing on how much product and lending has been achieved.
Aren’t we aiming to evolve the model to one where the clients goals and best interests are the focus, not the business?