Key departure from The Trust Company after acquisition
The Trust Company’s chief operating officer Vicki Allen (pictured) has announced her resignation in the wake of the firm’s acquisition of The New Zealand Guardian Trust.
Allen will remain in her position until 18 March to support a transition of responsibilities. Further details of a management restructure will be announced in early March following the completion of the acquisition, The Trust Company said in a statement to the Australian Securities Exchange.
“My fellow directors and I understand Vicki’s decision with regret, and wish her well. We thank Vicki for her contribution to The Trust Company over the past four years,” said Trust chief executive John Atkin.
Allen said the move was a personal decision, and added that the company was on the cusp of a new growth phase with the recently announced acquisition.
“I am proud of my achievements with The Trust Company and wish the company every success,” she said.
The acquisition remains conditional on satisfactory completion of confirmatory due diligence and approval from the Overseas Investment Office of New Zealand.
Recommended for you
Rising advice fees has prompted Radar Results to increase its price guide to a minimum of $3,000 per client to reflect the changing shape of the adviser landscape.
Investment consultancy Ascalon Capital has appointed a new partner, who joins from 20 years at Zenith Investment Partners, as well as a new chief executive amid a “bold new chapter” for the firm.
Despite the perception that short-term market events shouldn’t affect portfolio decisions, Praemium research finds 60 per cent of advisers have made portfolio changes in response to US President Donald Trump’s decisions.
International advice group Findex has appointed a senior individual to spearhead its M&A and growth operations across Australia and New Zealand, seeking to make the brand a household name.
