Long-time Aegis BDM, Debbie Miller will join Booster next year as Auckland relationship manager.
David Beattie, co-CEO of the Wellington-headquartered firm formerly known as Grosvenor, said Miller would help service Booster’s advisory clients in the northern region.
“We’ve been looking to fill the role for a few months,” Beattie said. “We realised as a national business we needed someone in Auckland to look after our adviser relationships… and Debbie is already familiar with many of those advisory groups.”
Beattie said Miller’s hire follows the recruitment of Nadia Waihape in September to service Booster’s South Island advisers.
Miller has a 30-year career in the New Zealand financial services business including more than 10 years in client relationship positions for the ASB-owned investment platform, Aegis.
In fact, her first stint at Aegis dates back to 1999 where she served almost two years as an asset administrator before moving on to an adviser assistant role with now-defunct group Northplan Financial Services.
In March this year, ASB replaced the long-standing head of Aegis, Peter Dine, after combining his role with ASB Securities chief, Angela Busby.
The-then ASB head of wealth, Nick Stanhope, said at the time: “… we have undertaken an extensive review of the Aegis business. This review highlighted its strong potential and the opportunities we have to leverage ASB’s capabilities for further growth.”
According to the Aegis website, the business “employs more than 50 staff”.
While Aegis reported funds under administration of more than $12 billion this year it is understood the loss of cornerstone institutional client Macquarie earlier this year would see that figure slip below the $10 billion mark.
Macquarie, which recently rebranded as Hobson Wealth Partners following a management-buyout headed by Warren Couillault, confirmed in September it would transition from Aegis to NZX Wealth Technologies (the platform previously known as Apteryx).