SIAA replenishes board with appointments

The Stockbrokers and Investment Advisers Association (SIAA) has made two board appointments to fill vacated positions from recent departures.

CommSec chief operating officer Stephen Norton has joined SIAA's board of directors, while Canaccord Genuity Wealth Management Australia head of advisers Chris Webster has been re-appointed.

Norton has more than 25 years' experience across stockbroking, capital markets, investment management, institutional banking and wealth management.

Prior to CommSec, he held senior roles with Instinet, UBS Private Bank and HSBC Investment Management and has extensive experience leading regulatory, compliance and technology transformation initiatives.

The appointments fill vacancies created after Michelle Inns departed her role as chief operating officer and executive director at LGT, and Liam Madden departed from his role as managing director and general counsel at Instinet, with both subsequently stepping down from the SIAA board.

SIAA chief executive Maria Lykouras said the appointments strengthen its stockbroking, wealth management, governance, risk and regulatory aspects.

"Stephen and Chris' appointments strengthen the diversity of experience represented on the board." Lykouras said

"They have both built distinguished careers across the financial services industry and will help ensure SIAA continues to benefit from the insights of senior industry practitioners as we continue to advocate for our members."

SIAA chair Hamish Dee is looking forward to benefiting from the appointees' extensive industry expertise, he said.

"Both bring valuable insights and perspective, adding to the strong mix of industry, leadership and governance experience across the Board, and we look forward to their contribution," Dee said.

Dee also thanked Inns and Madden for their services.

"Michelle was a strong advocate for greater diversity across our profession and was instrumental in driving initiatives focused on improving gender balance, while Liam's legal expertise and governance experience were invaluable to the board," Dee added.

"On behalf of SIAA and our members, we thank them both for their commitment and service."