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Netwealth recruits former BT manager

Platform provider Netwealth has announced a new hire to its senior distribution team in Sydney.

Sid Cavallaro joins Netwealth after nearly eight years at BT where he held the position of state manager for platforms in NSW, according to a statement.

Mr Cavallaro’s responsibilities will be to manage existing adviser and dealer group relationships as well as promote Netwealth to the broader market.

Netwealth said the appointment is in recognition of its growing footprint in NSW and a continued focus on delivering the highest level of service to advisers across the country.

“We are fortunate to be experiencing significant growth at the moment and are very focused on ensuring we attract great talent to ensure we can maintain our high levels of service,” said Netwealth joint managing director Matt Heine.

“We recognise that service and support is the foundation of our business, so we are really pleased to have Sid join us.”