Austock chairman steps down
Austock Funds Management has announced the resignation of its director and chairman, Michael McFarlane, for personal reasons.
In a statement released to the Australian Stock Exchange (ASX), the Austock board acknowledged the contribution by McFarlane as chairman and said the search for a new independent, non-executive chairman was underway.
In the meantime, current acting chairman Vic Cottren will continue in the role.
Prior to joining Austock in 2006, McFarlane was the executive director and property funds management specialist for Macquarie Bank. He was the initiator and a founding director of Macquarie’s first listed property trust and the Macquarie CountryWide Retail Trust, as well as a director or alternate director for many of its other listed property and infrastructure trusts.
Austock is the responsible entity for the Api Fund.
Recommended for you
The central bank has released its decision on the official cash rate following its November monetary policy meeting.
Melbourne advice firm Hewison Private Wealth has marked four decades of service after making its start in 1985 as a “truly independent advice business” in a largely product-led market.
HLB Mann Judd Perth has announced its acquisition of a WA business advisory firm, growing its presence in the region, along with 10 appointments across the firm’s national network.
Unregistered managed investment scheme operator Chris Marco has been sentenced after being found guilty of 43 fraud charges, receiving the highest sentence imposed by an Australian court regarding an ASIC criminal investigation.
