DomaCom founder departs business in management shake-up

domacom/john-hewson/

4 April 2022
| By Laura Dew |
image
image
expand image

DomaCom chief executive, Arthur Naoumidis, has left the business while former Liberal leader, John Hewson, has been appointed as a non-executive chair.

In an announcement to the Australian Securities Exchange (ASX), it said John Elkovich had been appointed as chief executive with immediate effect to replace Naoumidis, who founded DomaCom in 2011.

Angela Williams would also join the board as a director.

Former chairman, Grahame Evans, would remain on the board as non-executive deputy chairman.

The new board said it intended to promptly apply to relist the company and commence a fundraising period to “grow and scale the company substantially”.

Hewson said: “Arthur’s entrepreneurial skills in identifying and bringing a revolutionary new offering to the market demonstrates his innate capacity to pioneer in a marketplace which has lacked invention. We wish him well in his future endeavours.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

4 months 2 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

6 months 2 weeks ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

1 week 3 days ago

ASIC has banned a former NSW adviser from providing advice for 10 years for investing at least $14.8 million into a cryptocurrency-based scam. ...

3 days 11 hours ago

ASIC has issued a warning to financial advisers to ensure they are complying with client consent requirements when entering into ongoing fee arrangements....

1 week 2 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
3