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.
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