Lonsec hires wealth management sales head

In a statement, Lonsec said it’s expanding its business development function due to the rapid expansion of its managed accounts business as well as the ongoing growth of its iRate research platform.

“Managed accounts are increasingly seen as a solution to many of the challenges facing advisers and they continue to gain acceptance. Lonsec is ideally positioned to take advantage of this development,” said Lonsec chief executive Charlie Haynes.

“Our previously announced strategy to assist conflicted groups by taking over the investment management responsibility for their managed account solutions will be a key part of Tony’s remit, together with extending our relationship with key wealth management institutions.”