Powerwrap appoints CFO

Powerwrap has announced the appointment of Bruce MacDougall as chief financial officer (CFO), effective February 2018.

MacDougall, who has more than 30 years' experience in finance and accounting management for financial services companies, was most recently CFO at the Netwealth Group, a role he left in July 2017. Previously, he spent 11 years as CFO at Colonial First State Custom Solutions and 20 years at National Mutual and AXA, including two years as CFO of AXA's Summit platform.

He is joined at Powerwrap by fellow new executive hires, James Edmonds as chief operating officer, and Wes Gillett as head of sales.

Commenting on the appointments, Powerwrap CEO, Will Davidson, said: "We are delighted that Powerwrap has added some of the best expertise in the platform business in Australia. These are high-quality industry leaders with extensive experience in growing and sustaining platform businesses in the wealth market."