Linear Co-Founder joins Managed Accounts' board

Managed Accounts Holdings has announced the appointment of Colin Peterson to its board, effective November 2017.

Peterson, who has over 39 years' financial services industry experience, is the co-founder and executive chair of Linear Financial Holdings and joins the Managed Accounts' board following the firm's successful acquisition of Linear earlier this month.

Also joining the merged entity's board is former Linear director, Stephen Reed.

Commenting on their appointments, Managed Accounts' executive chair, Don Sharp, said: "Colin and Stephen both have long and proven track records in successfully growing administration solutions businesses that meet changes in financial adviser demands and the needs of their clients."

"Both bring tremendous experience, vision and energy to our commitment to become an integral part of Australia's wealth management segment as the shifts toward non-unitised solutions gain favour over traditional platforms."