Alan Dixon has advised the board that he would be permanently stepping down from his executive duties at advisory firm Evans Dixon, effective 31 October.
At the same time, he would continue as a non-executive director and would not seek director fees from this ongoing role, the company said in a statement issued to the Australian Securities Executives (ASX).
The company also announced that Dixon would forgo part of his bonus for the six month period to December, 2019 and instead receive A$280,000.
In June, the company announced a restructure of its management team.
Following this, working with the board of Walsh & Company Investments Limited, the responsible entity for the US Masters Residential Property Fund (URF), Dixon agreed to step aside from his role as chief executive and advised he would focus on the management of URF and the implementation of the strategic review.
This was followed by the announcement that the company would be commenting the recruitment process for the new chief executive.