MLC has retrenched five senior managers as part of a restructure to its advice business but will be looking to hire additional people to three newly created jobs.
"The five roles that have been made redundant were more about the changes that we have made to our reporting lines," MLC Advice Solutions general manager Greg Miller said.
Miller said the changes stem from a restructure that the National Australia Bank undertook in February.
In February, nab signalled its intention to beef up its mortgage broking business with the appointment of Matt Lawler as the new head.
Greg Miller, formerly MLC general manager of self-employed licensees, was promoted to the job as MLC Advice Solutions general manager.
"The restructure of our reporting lines has re-aligned our team and this will enable us to increase our efforts and process to support our advisers," he said.
