Consilium has promoted Dayle McDonald to the new position of head of wrap solutions ahead of a platform upgrade due to switch on next April.
McDonald has risen rapidly through the Consilium ranks since joining the Christchurch-based financial advisory services business in 2013 as a client support representative.
Until recently she was a key account manager but now takes on the head of wrap platform solutions role with a “focus on driving the company’s strategic direction” as the business shifts to the latest FNZ-built technology next year.
In a release, managing director, Scott Alman, said McDonald “is an up and coming young leader in the New Zealand fintech world and has been instrumental in the continued success of Consilium”.
The platform and advice services business has about $4.2 billion in funds under administration (FUA) on its wrap sourced through over 50 financial planning firms.
While still in her mid-20s, Consilium described McDonald as a “veteran” of its wrap platform, which has grown rapidly in the last couple of years – more than doubling FUA since early in 2017.
“I have been a part of the Wrap from the beginning,” she said in the release. “It’s great that we are investing in our service with a 30% increase in direct support staff resourcing ahead of the launch next year.”
McDonald holds a graduate diploma in business studies (financial planning) as well as a degree in speech pathology.
Meanwhile, BNZ has also promoted internally after naming Charlotte Noble-Beasley as head of private banking.
Noble-Beasley replaces Donna Nicolof, who resigned this August after a six-year career at the National Australia Bank (NAB)-owned institution.
Nicolof previously head the entire BNZ wealth division before it was split into product and advice roles last year with NAB executive, Peter Forster, arriving from Australia to take up the former position.
Noble-Beasley, managing partner at BNZ since 2015, has an on-again-off-again career at the NAB NZ subsidiary dating back to 1997 when she worked in the premium banking division.
After a seven-year stint in the UK that included senior roles at Yorkshire and Clydesdale (owned by NAB until 2016) banks, she returned briefly to BNZ in 2009 before joining Westpac the following year.
Prior to leaving Westpac in 2015, Noble-Beasley was central region area manager for its private bank.
Also last week, the ASX-listed AMP named Minter Ellison Australia partner Rahoul Chowdry as a new non-executive director.
At the same time, AMP says current non-executive director, Peter Varghese, will step down early next year after more than three years on the board.
AMP has seen an almost complete clean-out of its board and top executive ranks since copping flak in the Australian Royal Commission into financial services last year. The business, under new chief, Francesco De Ferrari, is engaged on a radical re-engineering of the storied financial services business that includes plans to spin-off its NZ wealth arm with several bidders reportedly in the mix.