Hawker resigns from IAG
Less than a week after rejecting a bid by QBE, the chief executive of Insurance Australia Group, Michael Hawker, has resigned.
The company informed the Australian Securities Exchange of Hawker’s resignation this morning, announcing that he would be replaced by the company’s chief operating officer, Michael Wilkins.
Commenting on his departure, Hawker said he believed he had lost the confidence of a number of shareholders and that his position had become untenable.
IAG chairman James Strong said the group was conducting a review of every aspect of its operations and would be making an announcement to the market soon.
AUTHOR
Mike Taylor
Recommended for you
With Sanlam Private Wealth coming under ASIC pressure regarding the number of responsible managers in its business, law firm Holley Nethercote explores what the role entails and how to stay on the right side of the law.
Insignia Financial has granted CC Capital access to select company information in the hope of securing an improved offer from the private equity firm.
Recruitment agency Robert Walters has revealed the expected salary ranges for Australian financial advisers in 2025, with one particular state seeing a decline.
As global PE firms scope out the Australian wealth management industry, Finura predicts which other local names may potentially receive a takeover offer this year.
