Westpac's wealth management arm, BT Financial Group (BTFG), has appointed Matt Englund as its new head of dealer groups after losing Neil Younger to rival Commonwealth Financial Planning (CFP).
Englund most recently headed up the practice management team in advice following the merger between Westpac and St George.
"Warren Dunne, national head of operations, advice, has been appointed acting head of practice management while BTFG recruits to fill this position," BTFG's general manager of advice Mark Spiers said.
Englund has over 15 years of experience within the financial services industry, including senior roles with Asgard Wealth Solutions and Colonial First State.
"He will lead the development and implementation of our strategy to attract, develop and retain practices and advisers, which is key to the wealth distribution strategy for BTFG," Spiers said.
"Over the past two years, Matt has been instrumental in our journey that saw significant investment in BT's research team, high advocacy from advisers for technical support, and a decisive response to regulatory change.
"He is perfectly placed to deliver on our growth strategy and our dealer group proposition, which is about supporting and partnering with advisers who are passionate about the value of advice, by helping them to choose the right path to grow their practices into sustainable, profitable businesses."
Colonial First State (CFS) yesterday announced the appointment of Younger as CFP's new general manager.
He replaces David MacKay, who left CFP in August following a string of internal changes.
"Neil brings significant experience and a deep understanding of what will be required of successful financial planning firms in the future," CFS advice business general manager Paul Barrett said.
Younger starts his new role next month.
