Insignia Financial names chief executive

Insignia Financial has appointed Scott Hartley chief executive, replacing Renato Mota, whose departure was announced last October.

The news came as no surprise to the market. The high-profile executive was widely tipped to succeed Mota.

Hartley was most recently chief executive of AMP's local wealth management business, which was absorbed by the wider business last May.

Before that, he served as chief executive of Sunsuper and earlier led MLC's corporate and institutional wealth businesses.

Insignia Financial chair Allan Griffiths said Hartley joins at a pivotal point in the business.

"Scott's deep experience and strategic leadership will be critical as we continue to build on our established foundations and move forward with clarity and focus on the opportunities our market position and capabilities provide," he said.

Griffiths thanked Mota for his 20 years of service and dedication to the organisation, five of which were as chief executive.

For his part, Hartley said he is honoured to have been chosen to lead Insignia Financial.

"Insignia Financial is uniquely positioned in the industry, with capabilities in advice, platforms, superannuation, and asset management, and a strong client-focused culture which can be leveraged to create value for all stakeholders, including shareholders, clients, advisers, and members," he added.

"Insignia has an exciting future and I look forward to working with the Insignia team to accelerate the execution of Insignia's strategy."

Hartley will also join the Insignia Financial board as executive director.