Rehak resigns as Curtis takes OFM’s CEO spot
OFM Investment Group chief executive Michael Rehak has resigned and will be replaced by former Coles Myer property general manger Rick Curtis.
Rehak says after 14 years with the company he felt it was time for a change.
“The company is moving to a property-focussed strategy and now that I have achieved my aims for the company, it is time for me to look for a new challenge,” he says.
Rehak has been chief executive of OFM for the past four years. He led the company through demutualisation and a listing on the Australian Stock Exchange (ASX) in March this year.
Curtis joined Coles Myer in 1994, prior to which he worked at the former State Bank of South Australia and for six years was a solicitor practicing in finance and property law.
Rehak will leave OFM in October at the time of the company’s annual general meeting.
Rehak is planning to take a long holiday and will then seek a further position in the financial services industry.
“I think my expertise gained at OFM will provide an opportunity for me to return to the financial services industry,” he says.
Recommended for you
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With wealth management M&A appetite only growing stronger, Business Health has outlined the major considerations for buyers and sellers to prevent unintended misalignment between the parties.
Industry body SIAA has said the falling number of financial advisers in Australia is a key issue impacting the attractiveness and investor participation of both public and private markets.