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CBA Split

CBA splitting off it’s wealth (and mortgage broking) business has been underway for a while now. The new CFS Group already has a solid chairman, ex Suncorp CEO John Mulcahy and we expect a CEO to be announced within a couple of months. We see the split as a good move for all.

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Big Hires

Suzanne Holden, CEO of Link Group’s fund admin division, departed recently without reason – Link losing a stack of administration business couldn’t have helped; John McMurtrie steps back in until a replacement is found.

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Royal Commission

The superannuation round of the royal commission wrapped up last week and we are working to produce our own thoughts and findings on what it all means.
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