NabInvest has appointed a new retail distribution head as part of the firm's growth strategy.
NabInvest has hired Peter Smith to the newly created role as head of retail distribution.
Smith will be responsible for the development and execution of the retail sales strategy and developing relationships within the financial planning industry.
Smith's appointment is part of nabInvest's expansion plans, according to a company spokesperson.
"This appointment supports the growth strategy of the business and will help take nabInvest investment solutions to market," the spokesperson said.
Prior to joining nabInvest, Smith spent 10 years with the firm's parent company, National Australia Bank (NAB).
Most recently, Smith spent four years in London where he held the positions head of distribution and then general manager for MLC UK.
Since launching in November last year, nabInvest has created partnerships with Antares Lodestar, Northward Capital, and Pengana Capital.
Earlier this month, nabInvest acquired a part interest in the external management of the Singapore Stock Exchange listed Cambridge Industrial Trust.
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