Lonsec names group chief executive

Lonsec has appointed a new group chief executive and a director to assist the research firm's continued growth trajectory.

Charlie Haynes will lead the research firm as chief executive. He brings more than 30 years' experience having worked for global firms such as Lloyds, Bankers Trust and Worldgroup.

Haynes co-founded Paragem in 2005 and its respective subsidiaries were sold to Netwealth in 2011 and HUB24 in 2014.

Netwealth changed Paragem's Dealer Services to Pathway Licensee Services as of March 2012.

Netwealth joint managing director Michael Heine said at the time: "The name change is an important step as we begin to integrate the business into the netwealth Group."

"Importantly it will also remove any confusion with the Paragem Wholesale AFSL which is a separate, privately owned business, and has no financial relationship with the netwealth Group," he said.

Last week, Netwealth announced it will offload Pathway to IRESS for an undisclosed amount on April 1.

The Lonsec board also announced Ian Knox accepted an offer to join as a director.

Knox has worked in the financial services industry for about 40 years with experience in the funds management and financial planning industries. He is also the co-founder of Paragem.

Lonsec said Knox's experience in working with major fund managers and financial planning practices will be invaluable to the firm and its growth strategy.

Lonsec Holdings chair Jeff Bresnahan said both Haynes and Knox have successful track records in growing businesses.

Haynes is incredibly well respected for his strong client and staff focus as well as proven execution capabilities, and these attributes fit perfectly with Lonsec's strategy, he said.

Bresnahan added: "Their understanding of all the markets Lonsec operates in will allow for the momentum of each of our existing businesses to be continued. Further, it will also allow us to better target potential acquisitions within the industry. We are, as a group, always on the lookout for acquisitions that are compatible with our long-term strategy."

Read more: LonsecNetwealthParagemCharlie HaynesIan KnoxJeff BresnahanLloydsWorldgroup
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