Fresh face and focus for MDSnews
A management restructure at MDSnews, which will see chief executive officer Wayne Johnson move into a chief executive officer corporate advisory role, marks the company’s decision to refocus its services.
The listed financial services group will now focus on providing independent advice, market data, information and trading tools for active traders and investors. MDSnews will expand its corporate advisory services to the resources, digital media, information technology and agribusiness sectors.
And while the company intends to recruit a replacement chief executive officer in the next two months, it has appointed Sean Rothsey as non-executive director. Rothsey joins the company after a 30-year career as an owner, director and adviser in the transport, financial, information technology, film and agribusiness sectors.
Commenting on the restructure, MDSnews chairman Barry Littler said, “Having a corporate advisory team with expertise in mergers and acquisitions and business development is a huge asset to MDSnews, as a large number of companies in these sectors are looking to raise funds by placements and IPOs [initial public offerings].”
Recommended for you
Multiple industry organisations have shared their thoughts on AFCA’s proposed rules amendment, supporting the idea of firms being named publicly when they fail to comply with determinations.
Channel Capital has appointed a head of investment oversight who joins from 14 years at asset consulting firm JANA Investment Advisers.
Licensee Centrepoint Alliance has completed the acquisition of Brighter Super’s annual review service advice book, via Financial Advice Matters.
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
