Troubled financial services company Allco has continued its restructuring with the appointment of Neil Brown to replace Michael Stefanovski, who announced his resignation last week as executive director.
Previously Allco’s head of funds management, Brown joins independent directors Ian Tsicalas (chair) and Michael Brogan on the board of Allco Managed Investment Funds.
In its earlier announcement of Stefanovski’s resignation, Allco highlighted “the significant progress made in implementing Allco’s restructuring plans to a refocused strategy built around its core capabilities”.
