New boss for Aegis
ASB has announced a new management structure for ASB Securities and ASB's investment administration platform Aegis.
Tuesday, March 22nd 2016, 10:25AM 
5 Comments
ASB Securities Managing Principal Angela Busby has been appointed General Manager ASB Securities and Aegis. Under her leadership, ASB Securities and Aegis will continue to operate independently within the bank.
Peter Dine has left his role.
The change follows a strategic review of Aegis that highlighted opportunities to further grow the business; bring Aegis closer to ASB’s strong heritage in technology and innovation; and better leverage ASB's capabilities.
ASB executiv general manager wealth and insurance Nick Stanhope said the changes reflected ASB's firm commitment to Aegis.
"Aegis is a market leader with sustained long-term growth, holding almost $12 billion in funds under administration," Stanhope said.
"The new structure will continue to build Aegis' capabilities and see it well-positioned for future growth."
Stanhope said he was delighted to appoint Angela Busby to the new role.
"Angela Busby has an extensive pedigree in banking and broking markets and is highly regarded in the adviser community.
"I am excited about the opportunity to demonstrate our growth commitment to Aegis clients."
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Comments from our readers
On 23 March 2016 at 11:41 am Mojo27 said:
One wonders when the rubber band will snap. As it was it must have been close but I guess the rationale is why pay for two when one will do. On 23 March 2016 at 5:41 pm gavin austin adviser business compliance said:
It is a sad situation. I have always found Peter to be very professional, helpful and a real pleasure to deal with. Whatever is in line for you next Peter I wish you all the best as I am sure many advisers who have worked with Peter to accumulate $12 billion under custodial management will also want to do. On 24 March 2016 at 8:34 am Brent Sheather said:
Platforms are promoted as being a good deal for clients but the reality is they are the best deal for advisors. Think about it – someone starting out as an advisor can either purchase the infrastructure themselves to manage portfolios, execute trades, bill clients etc …. or they can use Aegis whereby the client pays for the infrastructure. It’s not rocket science. But is it putting client’s interests first? On 24 March 2016 at 11:27 am MPT Heretic said:
I think David Ross had his own infrastructure Brent....perhaps his clients would have preferred the security of an independent solution? Software as a service is increasingly considered best practice. Perhaps it is time to overhaul that dot matrix printer and mainfame running fortran you have sitting in the cupboard.... On 26 March 2016 at 5:28 pm henry Filth said:
Some of us just want to own investments in our own names, rather than pay for a platform which adds little if any value.
Some of us want an adviser to give us advice, not to act as an administrator for our investments.
Some of us have a hard job finding such advisors.
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