Hard-pressed Allco Finance Group has moved to cope with the departure at short notice of the designated fund manager for its Record Realty subsidiary, Ian Schilling, by appointing Tim McEnallay to the role.
The company announced the move to the Australian Securities Exchange today, pointing out that McEnallay had been with the company since 2005 as director, asset management with overall responsibility for the asset management and property portfolio.
Commenting on the move, the chairman of Record Funds Management, Robert West acknowledged the unexpected nature of Schilling’s departure.
“While the departure of Ian was unexpected given the short time he had been in the role and his involvement in the strategic review undertaken for RRT, we are very pleased to have replacement of the calibre of Tim readily available,” he said.
