Openwork has appointed current chairman Martin Davis as CEO with a key priority to decide whether to establish a two-tier distribution model for the group in response to RDR proposals.
Davis will succeed current CEO, Keith Carby, who has left Openwork with immediate effect. Following his appointment, Davis will step down as current chairman. Kate Avery, currently a non-executive director of Openwork, has been asked to assume the role of chairperson. Davis's immediate priority will be to ensure Openwork has the ability to thrive in an environment of evolving regulation. Davis believes this may require the establishment of a two-tier distribution model which encompasses both multi-tie and whole-of-market adviser practices to maximise value for customers. In the recent...
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