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Suncorp swaps intermediary division heads

Suncorp has announced that its head of wealth and life intermediaries Mark Vilo and head of bank intermediaries Steven Degetto will step into each other’s role for one year.

The swap comes after Suncorp’s intermediary businesses were brought together in July in an effort to “take advantage of the size and scale of the collective businesses”. This followed Suncorp’s decision in November 2015 to cut loose its Guardian Advice and Suncorp Financial Planning dealer groups and focus on the IFA sector for distribution.

According to a statement, the role changes will "give our intermediary partners the opportunity to benefit from the diversity offered by Suncorp’s senior leaders".

Mr Vilo said, “I’m thrilled to be taking on the new role and looking forward to working in a dynamic market that shares similar challenges and opportunities that are being experienced in the independent financial advice market.”

Mr Degetto added, “I’m very proud of the business the team have created over the past few years.

“I have made a number of great friends and colleagues in this fantastic industry and I am looking forward to the opportunity to develop my expertise in a different type of intermediary business.”

Mr Vilo and Mr Degetto are both “passionate supporters” of the value that intermediaries provide for their customers, the statement said. They will move into their new positions from 1 January 2017 for a period of 12 months.