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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Fundie fee pressure hits private markets

Fundie fee pressure hits private markets

Fee compression has spread beyond public equities into fixed income, emerging market equity, impact strategies and private markets, analysis by investment consultants bfinance has found. But the pricing power shifting towards allocators will not benefit everyone, and asset owners chasing better value for money will need to tread carefully.

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