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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Budget amendments could spell the end to SMSF property spruikers

Budget amendments could spell the end to SMSF property spruikers

SMSF property spruikers will see their business model shaken up as the government moves to end the ability for a trustee to borrow money for residential housing. The Greens secured an amendment to the government’s tax changes proposed in the May federal budget that would end the use of limited recourse borrowing arrangements for residential property.

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