CFS loses head of Wrap

Powerwrap has appointed Sue Wallace as special projects lead.

Wallace spent more than 11 years with Colonial First State, most recently as head of wrap and a variety of other product roles. Before joining CFS directly, Wallace was the national account manager for Avanteos, which is run by Colonial First State.

Powerwrap confirmed the move to Financial Standard.

Powerwrap earlier this month announced that financial advisers and their clients using the Powerwrap platform would be able to access Chi-X investment products.

In addition to her executive roles, Wallace is on the advisory board for Financial Executive Women.

Reporting from Jamie Williamson at Financial Standard contributed to this story.