Peter Daly resigns from AIOFP following Linchpin decision
Peter Daly has resigned from his position as chairman of the Association of Independently Owned Financial Professionals (AIOFP), effective immediately.
The resignation follows the Federal Court’s decision yesterday to place Linchpin Capital and Endeavour Securities into receivership.
Daly told Money Management he decided “it was in the best interest of AIOFP” for him to tender his resignation.
“The AIOFP is the premier body representing the Independent Market Segment and it was a privilege to serve and attempt to address members’ needs,” he said.
Recommended for you
Apostle Funds Management has appointed the newly created position of director, head of wholesale as the firm expands its Australian footprint in the wholesale sector.
Recruitment manager Robert Half has shared the most in-demand roles in financial services that firms are finding difficult to fill, driven by ASIC’s growing focus on risk and compliance.
ASIC chief executive, Warren Day, is among senior executives to depart the corporate regulator amid changes to its leadership team.
Iress has completed the sale of its platform business, bringing $4.1 billion in funds under administration over to Praemium.