NAB makes financial advice leadership changes

In an email from NAB general manager, advice, Ross Barnwell to stakeholders – seen by ifa – a number of senior executive changes were announced.

Michael Downey has been appointed general manager, advice partnerships, Brendan Johnson has been appointed director of the Garvan and Apogee licensees and Jasia Fabig has been appointed director of the branded channels MLC Advice and MLC Financial Planning.

Current Garvan and MLC FP general manager Mathew Fogarty will leave NAB after three years in the role.

Mr Fogarty is a prominent practice management consultant and speaker, and formerly ran The Encore Group, which he sold to collapsed researcher van Eyk in 2011.

“The changes made to these licensee leadership roles for Garvan, Apogee, MLC Financial Planning and MLC Advice will allow each director to focus on like propositions, driving greater differentiation and the delivery of targeted solutions to align to key client segments within each licensee,” Mr Barnwell said in the communication.

Stephen Poole will retain his role as general manager of Meritum and Alan Logan will remain in the top job at Godfrey Pembroke.

The bank has also appointed Vanessa Rowe as general manager of the NAB Advice Hub, Nick Hilton as head of growth and David Wappett as head of research and relationship management.