Former DKN chief executive Phil Butterworth will join BT Financial Group (BTFG) as managing director of a new business unit.
Butterworth will be joined by fellow ex-DKN executives Mario Modica, Kon Costas and Andrew Rutter.
The appointment of Butterworth, Modica, Costas and Rutter was part of a strategy by BTFG to counteract regulatory change in the industry and involved the group's existing Magnitude business, a company statement said.
"Advisers who want highly successful and sustainable businesses are now looking at who they should partner with for the next decade and beyond," BTFG general manager of advice Mark Spiers said.
"While we continue to attract planners into our salaried work force to ensure our banking customers receive quality financial advice, we want to ensure we are best positioned to continue attracting those advisers into our aligned channels who want to partner with a high-quality brand with sound strategies and an unquestionable focus on clients and leadership."
Spiers said the business's mandate was to deliver business solutions to advice practices that help them use the scale advantages available from working with BTFG.
