NAB Wealth poaches ANZ executive

National Australia Bank has appointed head of ANZ Private Justin Greiner as the new chief executive of its stockbroking and financial advisory firm JBWere, following the departure of Paul Heath in June.

Greiner (pictured) will join the bank in February, reporting to NAB Wealth executive general manager of Wealth Advice John Flavell.

Greiner, whose previous roles include chief operating officer at Greenway Capital and head of financial planning at Westpac Banking Corporation, will be responsible for growing JBWere’s distribution network and enhancing the group’s value proposition to clients.

“His extensive executive experience combined with the capability of the broader NAB Group will allow JBWere to build on its established momentum and deliver an even stronger experience for clients,” Flavell said.

 

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FSC white paper criticised for looking out for the interests of the biggest licensees

FSC white paper criticised for looking out for the interests of the biggest licensees

The Financial Services Council has proposed ASIC should establish a separate enhanced risk-based supervision function for advice AFSLs, as well as a higher base charge for licensees with the ASIC levy. The Financial Advice Association Australia has already called the recommendations an attack on self-licensed businesses.

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