MEDIA RELEASE WealthO2 has appointed Graham Hand as a non-executive director to its board.
Shannon Bernasconi, co-founder and managing director of WealthO2, said the appointment comes as the WealthO2platform passes the $1.5 billion mark in funds under administration, reflecting the growing demand for a low cost, unconflicted, adviser platform alternative.
“Graham has over 40 years of experience in financial markets – including group treasurer and managing director Treasury roles at large banks – and brings a wealth of practical industry experience to the board,” she said.
“His knowledge and expertise will be invaluable as WealthO2 enters the next phase of its development, bringing its low cost and unconflicted alternative to traditional Wrap services to the broader adviser community.
“This will become increasingly relevant in a post Royal Commission environment, where the expectations from financial advisers on the ability for software and platform providers to act transparently and with integrity has substantially increased,” Ms Bernasconi said.
Mr Hand is also on the board of the ASX-listed Absolute Equity Performance Fund (ASX:AEG), and is a committee member at Lazard Asset Management and fintech startup OpenInvest. He consulted in banking for several years before spending a decade in wealth management.
More recently, he is the co-founder and managing editor of Cuffelinks, a leading financial newsletter with over 60,000 readers. He has an honours degree in economics from the University of NSW and a Diploma from FINSIA.
Mr Hand’s appointment follows WealthO2’s appointment last month of Phil Anderson to the newly created role of national business development manager.