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Bellingham steps down as ceo of pias

By Mark Battersby, 27 Jun 14

David Bellingham has decided to step down as chief executive of Professional Investment Advisory Services, one of the largest financial advisory firms in Asia, and to relocate to the UK with his family.

David Bellingham has decided to step down as chief executive of Professional Investment Advisory Services, one of the largest financial advisory firms in Asia, and to relocate to the UK with his family.

Bellingham has been CEO since February 2010 during which time he has overseen a transition to new ownership, when Aviva acquired 81% of PIAS’s holding company in January last year from the Australian group CentrePoint Alliance.

A long-standing member of International Adviser’s intermediary panel, he said: “PIAS has grown remarkably over the past four years and is now number one in the Singapore market by number of advisers, productivity and professionalism."

He added that he is leaving PIAS next week and looking forward to announcing his new role in the UK shortly.

Bellingham said at the time of the acquisition that PIAS was “delighted to have the backing of a global group such as Aviva”, which would give the advisory firm access to greater support, infrastructure, financial security and global expertise.

PIAS is said to employ more than 430 licensed financial advisers in Singapore, and to look after almost 50,000 clients. Most of its business involves catering for locals, with expatriates accounting for around 10%, in terms of client numbers.

Tags: Aviva | Singapore

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.