Westpac appoints acting advice GM

Westpac has appointed an acting general manager of advice to lead the transition of its financial planning business to Viridian Advisory.

National head of BT Group Licensees Ashley Stewart will take on the role of acting general manager of advice from May 1 to drive the transformation of Westpac's advice business in line with the announced resetting of its overall wealth operations.

Stewart first joined Westpac in 2011 and serves as head of Westpac's private wealth businesses in Victoria and South Australia.

"The smooth transition for customers and advisers is paramount to the success of implementing these changes. Ashley's deep experience in advice and across our business will be a key driver in this transition," Watts said.

He replaces general manager advice and private wealth Jane Watts who has been appointed general manager of Westpac retail and private wealth.

Stewart said he is excited to take up the role to see through the significant work already underway.

"Viridian Advisory is well progressed in the transition with a majority of offers already made to advisers within the group. Early responses have been very positive. There is still a great deal of work to do," he said.

Westpac announced last month it was exiting personal financial advice and bringing BT Financial Group back in-house.

The move will see the departure of Westpac consumer bank chief executive George Frazis and BT Financial Group chief executive Brad Cooper.

Financial Standard understands there will be more changes to Westpac's current advice leadership team once the sale to Viridian and other changes are completed at the end of June.

Read more: WestpacViridian AdvisoryBT Financial GroupBT Group LicenseesAshley StewartJane WattsBrad CooperFinancial StandardGeorge Frazis
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