Iress’ chief commercial officer, Michael Blomfield, is departing the financial software company due to health reasons.
Simon New, who joined Iress in 2015 and had been its chief client solutions officer since 2019, was announced as Blomfield’s replacement.
Prior to Blomfield’s appointment last year, he was chief executive of Investment Trends, led the equities division at Commonwealth Bank, and was also Asia Pacific managing director for MF Global.
Blomfield said: “My time at Iress has been one of the highlights of my career. I am disappointed to have to step away at this time from a great company with a clear strategy and the team to deliver it. I am confident I will regain my health, but for now my decision to resign is the right one for me and my family”.
Iress chief executive, Andrew Walsh, said: “In his time at Iress, Michael has played an important role in improving our strategic relationships and sales capability in line with our strategy, which has ultimately driven better outcomes for our clients. We wish him all the best with his health and for the future.
“We are fortunate to have an executive of Simon’s calibre to move into the role of chief commercial officer. He has extensive experience in the commercial aspects of financial services and deep knowledge of Iress and our clients, which will be a real asset in his new role.
“While it is always sad to lose high-quality colleagues who have contributed to the success of Iress, I am extremely confident in the strength and depth of our team and our succession pipeline. As a business we remain focused on executing our strategy and we continue to make good progress towards our 2025 targets.”