Austock chairman steps down
Austock Funds Management has announced the resignation of its director and chairman, Michael McFarlane, for personal reasons.
In a statement released to the Australian Stock Exchange (ASX), the Austock board acknowledged the contribution by McFarlane as chairman and said the search for a new independent, non-executive chairman was underway.
In the meantime, current acting chairman Vic Cottren will continue in the role.
Prior to joining Austock in 2006, McFarlane was the executive director and property funds management specialist for Macquarie Bank. He was the initiator and a founding director of Macquarie’s first listed property trust and the Macquarie CountryWide Retail Trust, as well as a director or alternate director for many of its other listed property and infrastructure trusts.
Austock is the responsible entity for the Api Fund.
Recommended for you
High-net-worth advisers seeking to grow their businesses are likely to find alternatives to be a key part of the puzzle amid investor demand, according to Praemium’s head of private wealth.
The financial advice profession has lifted back above the 15,500 mark this week thanks to a double-digit net rise in adviser numbers, according to Wealth Data.
A closer watch on licensees that fall short on cyber security protections is among a dozen new enforcement priorities announced by the corporate regulator for 2025.
Research house Morningstar has welcomed a new director for manager research to cover Australian and New Zealand fund managers.
