Despite the continuing uncertainties confronting the life/risk sector, newly-merged MBS Insurance and Complete Risk Analysis have confirmed ambitions for further growth via joint ventures and alliances.
The merger between the two firms was announced in August and completed this month, meaning that the business now comprises 18 authorised representative financial advisers backed by 40 administrative staff accounting for $55 million in premiums under management.
Confirming the completion of the merger, company spokesman Kris Mason said the group had received interest from financial advisers but that it would be undertaking a careful growth strategy.
“We are not obsessed with attracting advisers for growth’s sake,” he said.
Mason said, however, that the group was in discussion with a number of potential joint venture and alliance partners.
The financial services company has made two senior appointments to its super and investments leadership team.
The $89 billion fund has named co-chief investment officers following the resignation of Andrew Lill earlier this month.
The industry body is adding 25 years of financial services experience to its leadership team with a new appointment.
The industry body has welcomed a new deputy CEO and a new executive general manager for policy.