Former BT exec appointed Madison Financial CEO

ifa reported in January that Annick Donat stepped down from her role as head of licensee development, BT Group Licensees – a title she held since November 2014.

Today, Madison Financial Group chairman Tony Hartley announced Ms Donat has been appointed chief executive of the dealer group.

“Following a board determination that it was time to hand the baton of responsibility for the company’s strategic direction, from its founding executives to someone with shared values and entrepreneurial drive, it was determined that Annick had the unique skill set and mindset to refresh and lead the business,” he said.

“Over the past decade the outgoing executive team took Madison from a micro licensee that supported a handful of advisers, with a minimalist service offer, to one of Australia’s premier non-institutionally owned firms. In that time, the firm’s funds and premiums advised on grew dramatically, as did the numbers of advisers it services and the range of support services it provides.

“With close to 25 years of experience across a number of senior roles within BT and MLC, strong involvement in the various industry bodies and a passionate belief in advice and advisers, we are delighted Annick has accepted the CEO’s role and the challenge of taking the group into the next decade of its journey.”

Commenting on her appointment, Ms Donat said, “I am excited about the opportunity to lead Madison Financial Group.

“The company has strong values, is nimble, innovative and is underpinned by an ethos of looking after Australian families through great advice. This aligns with my values. I look forward to facing the opportunity and challenges before me and supporting the practices we serve as time progresses.”

ifa reported in February that Madison was on the hunt for a new owner, as its parent company seeks additional shareholder returns.