Business News

Shuttleworth to depart BTFG

BT Financial Group (BTFG) today announced the resignation of John Shuttleworth after 14 years with the business.

Shuttleworth became platforms and operations general manager in 2012, heading up BTFG’s BT Wrap and Asgard platforms.

He then stepped into his current role of platforms and investments general manager in 2015, expanding his responsibilities into BT Panorama.

BTFG has appointed National Australia Bank wealth products and platforms general manager Kathy Vincent to Shuttleworth’s role.

Vincent was responsible for leading MLC’s retail wrap, master trust and asset management product business.

She will be part of the group’s senior management team and will be responsible for leading the platforms businesses, including Asgard, BT Wrap and Panorama.

Additionally, she will oversee BTFG’s specialist investment services, including the life stage funds that sit within the group’s products such as BT Super for Life.

Vincent has over 25 years’ experience leading Australian wealth businesses.

“John has made an enormous contribution at BT, including leading the team that launched BT Super for Life, Australia’s first low-cost super option where customers can manager their super alongside their everyday online banking,” BTFG chief executive Brad Cooper said.

“He also managed the platforms business for the majority of the time since 2008 when we acquired Asgard, overseeing the growth in our funds under administration (FUA) from $65 billion to $116 billion today.

“More recently he has helped drive the development and delivery of BT Panorama, one of Australia’s fastest-growing platforms that in the past two years has grown from $1 billion to over $9 billion in FUA.”

He thanked Shuttleworth for his significant contribution to BTFG.

Commenting on Vincent’s appointment, Cooper said: “Kathy’s leadership skills and extensive experience in product management and strategy across platforms, superannuation and investments will be a real asset to our business, and will help us continue to deliver market-leading platforms and investments solutions to our customers.”

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