Assirt loses head of research
After just four months in the job,Assirt’shead of research John Parrish has resigned, unsure whether he will stay in the research industry.
According to Parrish, while the decision to leave Assirt is due to both “personal and professional reasons”, his immediate plan is to take time to review and reassess what his future role might be.
“I do not have another job. [My future] could be in the research direction or is likely to be in a business building role,” he says.
Parish, who joined Assirt in March after only 12 months as the investment consulting general manager at consulting groupNSP Buck, has over 30 years experience in the investment area in Australia, including 10 years atNational Australia Bank.
As Assirt’s head of research, Parrish was responsible for the management and delivery of investment research, including the Assirt rating process and portfolio construction services within Assirt.
Assirt associate director Anthony Serhan says Parrish’s departure would have a minimal effect on Assirt research, highlighting that the group had worked without a head of research for some time prior to the appointment of Parrish.
“We will be moving to fill the position, but for the moment we will be functioning as normally,” Serhan says.
At this stage, Serhan says he does not know who will replace Parrish.
The departure by Parrish follows that of Assirt’s chief executive Krystyna Weston, who left the group in April to take up the role of head of retail distribution withAMP Henderson Global Investors.
Recommended for you
Australia’s largest licensee has seen the biggest number of adviser losses over the past week, while the expected wave of new entrants has boosted overall adviser numbers.
Iress has increased its forecast adjusted EBITDA by $5 million for the 2023/24 financial year in light of the sale of its platform business to Praemium and hinted at a return to dividend payments.
With just 30 per cent of Australians knowing their superannuation balance to the nearest $1,000, Findex has emphasised the role of financial advice in addressing the critical super knowledge gap.
New Insignia Financial CEO Scott Hartley has detailed the impact of the Godfrey Pembroke exit and the progress in resetting its financial advice model on its latest quarterly results.