Despite the continuing uncertainties confronting the life/risk sector, newly-merged MBS Insurance and Complete Risk Analysis have confirmed ambitions for further growth via joint ventures and alliances.
The merger between the two firms was announced in August and completed this month, meaning that the business now comprises 18 authorised representative financial advisers backed by 40 administrative staff accounting for $55 million in premiums under management.
Confirming the completion of the merger, company spokesman Kris Mason said the group had received interest from financial advisers but that it would be undertaking a careful growth strategy.
“We are not obsessed with attracting advisers for growth’s sake,” he said.
Mason said, however, that the group was in discussion with a number of potential joint venture and alliance partners.
Stockspot is aiming to launch the Australia-first vehicle in the coming months.
Natalie Kelly has been appointed permanently to the role following an extensive selection process.
Wayne Byres is the newest addition to the market operator’s leadership team as part of its ongoing board renewal initiative.
The $7 billion fund has hired a new chief executive to succeed Lachlan Baird, who departed the fund in December last year after 18 years.
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