Former Centrepoint chief says ‘consolidation’ looming
Former Centrepoint chief says ‘consolidation’ looming
Following his sudden departure from the dealer group, the former chief executive of Centrepoint Alliance says a tie-up with another mid-sized player is likely to be on the cards in the near future.
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The listed advice group’s former CEO Angus Benbow told ifa there needed to be “a round of consolidation” in the non-aligned licensee space, and that Centrepoint was “well-placed” to participate in a deal with another mid-sized group.
“The pathway forward, be it the likes of Centrepoint or the other larger non-aligned big 6 advice groups is that there needs to be a round of consolidation,” Mr Benbow said.