Boyle moves back to private sphere

Boyle has been with the commission for just under four years, in a high-profile role as manager of investor education.

He was previously with ANZ, as its general manager of funds distribution, and Armstrong Jones.

"It's a good opportunity to get back into the investment side which is sort of my calling," he said.

He said Mint was growing quickly and there was work to do to increase the brand's reputation, its use of roboadvice and direct and adviser channels.

"It's a similar feel as in the old Armstrong Jones days. The investment style is something I really like and understand. It feels like the time is right for me."

He is leaving the commission on July 6 but has not set a start date at Mint yet.

His time at the commission had built valuable relationships with government and regulators, he said.

Chief executive Rebecca Thomas said his role with the fund manager had always been intended to be short-term.

She said, if Richardson wanted to pursue more directorship roles in the investment arena, his position at Mint was a conflict.

Comments from our readers

On 19 June 2018 at 8:26 am vivecca said:

Congratulations David, you will be a great loss to the Commission for Financial Capability but a great asset to Rebecca and her team. Well done. Vivecca

On 19 June 2018 at 11:06 am Barry Read said:

Congratulations on the new role and well done on your work with the commission, it has been an outstanding contribution to the industry. I am sure you will be sorely missed. Cheers B

On 19 June 2018 at 11:44 am Brent Sheather said:

Really Barry? I think that the Commission’s work is mediocre at best and their chief contribution to educating consumers is simply “you need to save more”. I have had a number of experiences with senior executives at the Commission for Financial Capability which have illustrated their lack of knowledge and expertise in the area of savings strategies including one where the executive told a client of mine in two different emails that transaction costs were included in the management expense ratio. When I intervened he quickly backed down and admitted his mistake. This is basic stuff and my view is that many people at the CFFC confuse their role of education with selling financial services.

By the way if I owned Mint I wouldn’t be happy with anyone comparing my firm with Armstrong Jones. The latter organisation might have been very popular with financial advisors (because it paid high commissions etc etc) but I think retail investors unfortunate enough to invest in its high cost products (especially the listed property trusts) would have a very different view of its performance.

Regards
Brent Sheather

On 19 June 2018 at 2:06 pm Barry Read said:

Well Brent I guess we disagree. What's the point of explaining the complexity of fees if the consumer hasn't even thought about engaging in investment or planning for the future first or have the financial capability to understand it? Once again your one eyed view misses the point.. But you keep banging that drum fella.

Boyle moves back to private sphere

David Boyle is leaving his role at the Commission for Financial Capability, to take up a sales and marketing role at Mint Asset Management.

Tuesday, June 19th 2018, 6:00AM 4 Comments

Comments from our readers

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