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Non-major makes board appointments

Non-major makes board appointments
08 January 2021
ME Bank has appointed two new members to its board following the retirement of its non-executive director.
The bank has appointed former Westpac executive John Arthur and AMP Capital executive David Atkin as non-executive directors, effective 1 January.
The appointments have followed the retirement of ME Bank non-executive director John Nesbitt after four years on the board.
Mr Arthur was previously the chief operating officer and head of group services at Westpac prior to his retirement in 2016. He was previously a non-executive director of businesses including Australian Funds Management, CSR, and Investa Property Group.
He is currently the chair of Sydney Metro. ....

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ASIC separates advisers and asset consultants | Professional Planner

Liberal Party MP Jason Falinski and ASIC Commissioner Danielle Press
The corporate regulator has been forced to explain the different independence disclosure obligations between asset consultants and financial advisers in a series of questions taken on notice by Commissioner Danielle Press at the Parliamentary Joint Committee on Corporations and Financial Services in November.
Liberal Party MP Jason Falinski hounded Press on the marketing of asset consultant Frontier Advisors, who provide investment advice to institutional clients like superannuation funds and insurers, as well as private wealth advisers.
“ASIC have rightfully made a lot of the term ‘independent’,” Falinski said.
After pointing out that advisers working for vertically integrated institutions like AMP, CBA and Westpac “can’t call themselves independent”, Falinski turned his attention to Frontier, who he said were “putting themselves out there as financial advisers and are calling the ....

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