Former Deutsche Bank AG executive Michael Parsons has surfaced at FirstUnity as its new managing director.
Parsons joins the boutique firm from Deutsche Bank AG where he held the role as managing director, head of private wealth management for Australia and New Zealand.
Prior to Deutsche Bank, Parsons held senior executive positions with BT Financial Group and Invesco.
In his new role, Parsons has been given a mandate to grow the boutique financial advisory business.
The strategy involves broadening the firm's parent group, FirstUnity Financial Group, by expanding its existing operations and making a number of business acquisitions.
"FirstUnity clients, including high net-worth clients, families and not-for-profit organisations, will benefit from Michael's breadth of specialist wealth and asset management experience. Additionally, his expertise in strategic business planning will allow us to build on our position as a leading boutique financial advisory firm," FirstUnity Financial Group founding director James Mollison said.
Deutsche Bank has replaced Parsons with the internal promotion of Trent Doughty, who will be relocating from Singapore to Sydney.
FirstUnity offers wealth management advice to high net-worth individuals, families and not-for-profit organisations.
