Austock announces senior management changes
Following Austock Funds Management’s (AFM) recent announcement that its chief executive and managing director, Vin Harink, would be stepping down from the roles, the financial services group has made a number of key appointments.
As well as assuming overall management responsibility for AFM’s Api Fund, Ian Townsing has been appointed as a director of AFM.
Vic Cottren has been appointed as acting chair of AFM while Mike McFarlane is on leave for two months, and Craig Thompson has been appointed chief operating office of the Austock Property group of companies, which includes AFM.
Harink was appointed chief executive of Austock Property Funds Management in 2005 and has overseen the recent proposed merger of the Api Fund and the Australian Social Infrastructure Fund.
The transaction did not receive full shareholder approval and the Api Fund is still under voluntary suspension.
Harink has since moved into the Austock Group to assist with internal merger and acquisition projects.
AUTHOR
Recommended for you
Sequoia Financial Group has announced it is selling off its Informed Investor subsidiary which it acquired in April 2022.
Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.
Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.
With only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.
