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Iress appoints chief commercial officer

The financial services industry software provider has recruited Investment Trends CEO Michael Blomfield to the newly-created role of chief commercial officer.

Mr Blomfield will begin his role at Iress in October.

As the chief commercial officer, Mr Blomfield will be responsible for Iress’ business growth objectives, including increasing growth at scale.

Mr Blomfield will report to Iress CEO Andrew Walsh, and will be a member of Iress’ leadership team.

Commenting on the appointment, Mr Walsh said he is pleased that Mr Blomfield is joining Iress in the role.

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“The new role reflects our focus on scale, consistency and delivery, particularly where clients have increasingly similar needs,” Mr Walsh said.

“We also continue to focus on improving the client experience, and a focussed strategic approach to this is important to Iress and our clients.

“Michael is an experienced financial services leader with extensive international experience, including in Asia Pacific, the United Kingdom and the US.”

Mr Blomfield joined Investment Trends six years ago, and has held the role of CEO for over four years. The research group provides insights to financial services businesses in Australia, Asia, Europe, US and the UK.

Prior to this, he worked at the Commonwealth Bank of Australia (CBA) for 10 years, and held various roles during this time, including general manager, CommSec;, general manager, equities;, and executive general manager, local business banking.

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He was also managing director, Asia Pacific, at MF Global, where he was responsible for all of its Asian operations across Singapore, Hong Kong, China, Taiwan, Australia, Japan, India, Dubai, and Mauritius.

“Michael will bring a strong focus to sales capability and client experience supported by his international and industry experience,” Mr Walsh said.

The roles and responsibilities of managing directors, who will report to the chief commercial officer, are unchanged.

Commenting on his new role and his departure from Investment Trends, Mr Blomfield said on LinkedIn: “I can’t wait to get started and contribute to the journey of another enormously successful and world- class organisation.

“The test of an executive should be 50 per cent about what they achieve in their role and 50 per cent about how a business performs after their departure.

“I’m extremely confident that Investment Trends is beautifully set up to continue to grow and thrive as one of the world’s leading wealth management market researchers.”

[Related: Iress appoints first BDM in Australia]

Iress appoints chief commercial officer
Iress appoints chief commercial officer
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Malavika Santhebennur

Malavika Santhebennur is the features editor on the mortgages titles at Momentum Media.

Before joining the team in 2019, Malavika held roles with Money Management and Benchmark Media. She has been writing about financial services for the past six years.

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