Dewhurst to depart IOOF
IOOF Holdings chief executive Ron Dewhurst has announced he will resign at the end of his third year in the role in April.
Dewhurst made the decision not to extend his contract with IOOF into its fourth year citing the best long-term interests of the company as the reason.
“I have greatly enjoyed my time at IOOF, particularly in working with my colleagues in repositioning the company for future growth,” Dewhurst said.
“Having reached that particular stage in the company’s progress, I feel the time is now right to make this decision and I am confident that IOOF will continue to be highly successful.”
IOOF chair Ian Blair said the board would immediately commence a process to appoint a new chief executive with the assistance of Dewhurst, who has agreed to remain in the role until a replacement is found.
Recommended for you
Large AFSLs with more than 100 advisers are seeing the largest losses in both adviser and AFSL numbers as individuals seek a smaller, personal vision in their work.
Former deputy CEO of AMP Capital, David Atkin, has announced he will be returning to Australia after stepping down as chief executive of the Principles for Responsible Investment organisation.
A global Morgan Stanley report has found 83 per cent of Asia-Pacific individual investors would select a financial adviser based on their sustainable investment offerings, and are most understanding of how ESG can boost returns.
Insignia Financial has announced the status of the two private equity bidders as due diligence comes to an end, with one bidder opting to pull out.
