Dewhurst to depart IOOF
IOOF Holdings chief executive Ron Dewhurst has announced he will resign at the end of his third year in the role in April.
Dewhurst made the decision not to extend his contract with IOOF into its fourth year citing the best long-term interests of the company as the reason.
“I have greatly enjoyed my time at IOOF, particularly in working with my colleagues in repositioning the company for future growth,” Dewhurst said.
“Having reached that particular stage in the company’s progress, I feel the time is now right to make this decision and I am confident that IOOF will continue to be highly successful.”
IOOF chair Ian Blair said the board would immediately commence a process to appoint a new chief executive with the assistance of Dewhurst, who has agreed to remain in the role until a replacement is found.
Recommended for you
The Australian financial advice industry has risen by more than 20 advisers this week, with nearly half joining WT Financial and Sequoia.
Two financial advice professionals have shared their tips for success when building an effective Professional Year program as more advisers look to bring on junior staff to their practices.
Numbers are in for 2024, with Wealth Data confirming how many advisers left during the calendar year and which business models saw the largest growth in terms of new licensees.
Praemium has seen its highest net inflows in over two years for Q2 FY25 as its Powerwrap platform returns to inflows after five consecutive quarterly outflows.
