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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Morgan Stanley moves client subset off legacy platform to Netwealth

Morgan Stanley moves client subset off legacy platform to Netwealth

Morgan Stanley Wealth Management will move a subset of its clients off its legacy platform onto Netwealth, further aiding the platform provider’s expansion into the stockbroking and private wealth market. The deal comes as the fast-growing Netwealth plans to double in size over the next four years, despite regulatory issues caused by First Guardian in the past 12 months.

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