Elders restructures management
Elders has restructured its separate corporate and operational management into a single integrated management team.
Some senior management roles will be made redundant while others have gained broader responsibilities.
The new structure will incorporate changes from the forthcoming sale of Elders’ insurance operations to QBE.
The restructure has created the role of chief operating officer, which will be filled by Mike Guerin, currently the managing director of Elders Rural Services, and chief information officer, which will be filled by Shaun Hughes. Hughes is the chief financial officer for Elders Rural Services.
Accounting and finance will be streamlined, with a new head of balance sheet management and head of performance and planning.
Recommended for you
Unregistered managed investment scheme operator Chris Marco has been sentenced after being found guilty of 43 fraud charges, receiving the highest sentence imposed by an Australian court regarding an ASIC criminal investigation.
ASIC has cancelled the AFSL of Sydney-based Arrumar Private after it failed to comply with the conditions of its licence.
Two investment advisory research houses have announced a merger to form a combined entity under the name Delta Portfolios.
The top five licensees are demonstrating a “strong recovery” from losses in the first half of the year, and the gap is narrowing between their respective adviser numbers.
