Mr Varcoe joins BT with more than 20 years’ wealth and platforms experience, having specialised in product and platform operations at MLC’s MasterKey platform, before joining Rest Superannuation

“I am delighted that someone with Kieran’s experience will be joining our leadership team. His expertise aligns well with our strategic priorities and will be critical as we continue delivering strategic growth of Australia’s leading platforms business,” Kathy Vincent, BT’s managing director, platforms, investments and operations, said.

“This is a key role in helping to lead BT’s transformation agenda as we migrate clients from BT Wrap (over $55 billion FUA) to one of Australia’s contemporary and fastest-growing platforms, BT Panorama (over $36 billion FUA).”

The first successful migrations took place late last year and BT said further tranches will commence in early 2021.

Ms Vincent added that Mr Varcoe would help to “lead BT’s transformation agenda” as it sought to migrate more clients from BT Wrap to Panorama in 2021.

“Kieran’s proven experience in leading simplification programs, managing large-scale platforms teams and operations, and deep industry knowledge will be an asset to BT,” Ms Vincent said.

Rodney Greenhalgh, head of investment product solutions, has been caretaking in the role while BT sought a suitable replacement for Dina Kotsopoulos who departed the group in October 2020.

Mr Varcoe will commence with BT from mid-February, reporting to Ms Vincent.