City Pacific executive director resigns
City Pacific executive director Stephen McCormick has announced his resignation following Balmain Trilogy’s takeover of City Pacific's First Mortgage Fund.
As a consequence of the company’s restructure, the role of group executive property development finance has been removed, according to a City Pacific statement.
McCormick was appointed to the board in June last year in recognition of his contribution to managing the property portfolio of the City Pacific First Mortgage Fund.
Recommended for you
A quarter of advisers who commenced on the FAR within the last two years have already switched licensees or practices, adding validity to practice owners’ professional year (PY) concerns.
Integrated wealth and financial services group Rethink has launched a financial planning arm called Rethink Wealth to expand beyond property investing and into holistic wealth management.
While adviser numbers continue to slowly creep back up, the latest Wealth Data analysis reveals they would actually be in the green for the calendar year if it weren’t for so many losses in the limited advice space.
Iress has appointed a chief AI officer to spearhead the fintech’s strategic focus on AI, with chief executive Marcus Price describing how the technology opens the doors to a “new frontier for wealth advice”.
