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Austock appoints new chief executive

Diversified financial services company Austock has appointed company director Bill Bessemer as its new chief executive – the group’s third CEO in three years.

Ruth LiewReporter
Updated

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Diversified financial services group Austock has appointed major shareholder and director Bill Bessemer as its new chief executive, the company’s third CEO in as many years.

Mr Bessemer replaces ex-chief Paul Masi, a former local head of Merrill Lynch, who was hired as chief executive in early 2010 after former director Tim Boyle stepped down from the top role.

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Ruth Liew writes on business specialising in Insurance, wealth management and financial services. Ruth is based in our Sydney newsroom. Connect with Ruth on Twitter.

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    Original URL: https://www.afr.com/companies/financial-services/austock-appoints-new-chief-executive-20120530-j2oym