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
With an advice M&A deal taking around six months to enact, two experts have shared their tips on how buyers and sellers can avoid “deal fatigue” and prevent potential deals from collapsing.
Several financial advisers have been shortlisted in the ninth annual Women in Finance Awards 2025, to be held on 14 November.
Digital advice tools are on the rise, but licensees will need to ensure they still meet adviser obligations or potentially risk a class action if clients lose money from a rogue algorithm.
Shaw and Partners has merged with Sydney wealth manager Kennedy Partners Wealth, while Ord Minnett has hired a private wealth adviser from Morgan Stanley.