Chief executive Brad Cooper noted Mr Shuttleworth’s “enormous contribution”, including leading the launch of BT Super for Life, managing the Platforms business following the acquisition of Asgard, overseeing FUM growth and developing and delivering BT Panorama.

“We thank John for his significant contribution to BT and wish him every success for his next endeavours,” Mr Cooper said.

Mr Shuttleworth will remain in the business for the time being for a smooth handover process, the statement said.

Stepping into the role will be former NAB general manager for wealth products and platforms general manager Kathy Vincent, who led MLC’s retail wrap, mastertrust and asset management product business.

Prior to her 5.5 years at NAB and MLC, she spent nearly 19 years in various senior strategy roles at Macquarie Group, where she was most recently co-head of real alternatives.

Prior to that, she was head of product strategy, marketing and development.

Her new role will see Ms Vincent lead BT’s Asgard, BT Wrap and Panorama platforms as well as oversee BT’s specialist investment services.

Mr Cooper said: “Kathy’s leadership skills and extensive experience in product management and strategy, across platforms, superannuation and investments will be a real asset to our business and will help us continue to deliver market-leading platforms and investments solutions to our customers.”

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