Ventura Investment Management managing director Kate Mulligan will be stepping down as her role with the group is rationalised.
Tony Robinson, the chief executive of Ventura and All Star Funds parent company Centrepoint Alliance Group, thanked Mulligan for her hard work in overseeing a restructure of the Ventura/All Star business under Centrepoint over the past 18 months.
"The business has now reached a point where the challenges for Kate will be significantly less over the near term, and the demands of the business on Kate will similarly be materially lower than it has been historically," he said.
The Ventura/All Star business will be merged with the platform businesses under Mat Walker into a new product and platform unit, with the Ventura/All Star chief executive role eliminated, Robinson said.
Mulligan said she was proud of the funds under management and revenue growth generated from the creation of the funds management business, including All Star, and added that the realignment of Ventura was particularly satisfying.
"My job is completed here; it's time to go onto my next challenge," she said.
