Centrepoint trims executive ranks
Publicly-listed financial planning group, Centrepoint Alliance, has announced a trimming of its executive ranks.
After first confirming its directors and executives had taken a 25% pay cut and that non-executive staff had been asked to liquidate leave, the company today announced to the Australian Securities Exchange (ASX) that two of executives were departing company.
It said that interim chief financial officer, Peter Loosemore was leaving the company with his duties being handed over the existing Centrepoint finance team, while the company’s Chief Technology and Marketing Officer, Richard Lea would also be departing the company.
The ASX announcement said that Lea’s functions would be absorbed by other company executives.
Recommended for you
Next year will see AMP roll out an end-to-end solution for its North platform, marking a shift in the firm’s position within the advice technology sector and building on adviser feedback.
My Dealer Services is predicting strong growth in self-licensing next year, citing recent ASIC action against Interprac and the desire for independence as key drivers of the self-licensing trend.
ASIC has handed down a six-month AFSL suspension to MW Planning after the firm failed to replace its banned responsible manager.
Despite the year almost at an end, advisers have been considerably active in licensee switching this week while the profession has reported a slight uptick in numbers.
