Sequoia makes senior appointments

Sequoia Financial Group, which announced unaudited revenues of around $130 million for the year ended 30 June, has reinforced its leadership with new senior appointments.

This includes Martin Morris, who joined from Praemium where he was most recently Chief Distribution Officer, to be appointed as Sequoia’s chief operating officer, effective from 21 August.

Prior to Praemium, he served as chief executive at Complete Super Solutions and head of business development and marketing at Capstone.

He will bring 33 years of financial services experience and expertise in managing teams, building brand awareness and driving strategy.

The second appointment involves Justin Harding who has been appointed Head of Legal and Risk and his most recent role was at WT Financial Group where he served as Head of Legal and Regulatory Affairs.

He is expected to start later in 2023 and will bring proven expertise in dispute resolution and mediation skills. He will also take ownership of the role within Sequoia’s Licensee Services Division.

The third appointment announced by Sequoia is Mark Hutchinson who has been offered the role of senior compliance manager.

He will join also in August and bring 30 years of experience in financial services industry, including audit, remediation, breach management, and policy enforcement.

He previously worked at the Australian Security and Investments Commission (ASIC), in the assessment and intelligence team.

In the announcement to the Australian Securities Exchange (ASX), Sequoia said that all new appointments represented a ‘significant milestone’ for its organisation.

The firm, which will announce results for the year on 29 August, also reported that its sale of Morrisson was expected to finalise at the end of August and therefore all gains from the sale would be booked in the first half of FY24.