Industry Fund Services' general manager resigns
The general manager of Industry Fund Services (IFS), David Haynes, has confirmed his resignation following a restructure of IFS' parent company, Industry Super Holdings.
The restructure will see the three companies that fall under Industry Super Holdings - IFS, Industry Funds Management (IFM) and Members Equity Bank - separate to form three distinct businesses, Haynes said.
"I think it became increasingly clear that their different business plans required different styles," he said.
This has resulted in a review of the executive management structure of the businesses and Haynes' resignation effective the end of December.
As previously announced, former Deloitte and National Australia Bank executive Kay Thawley will take on the newly-created role of IFS chief executive.
Haynes has been with IFS since 2002 and has held the role of general manager since 2004 in which he had responsibility for financial planning, insurance broking and retail products.
Haynes said he remains very positive about IFS' prospects.
Recommended for you
Iress chief executive Marcus Price has shared how he is seeing “massive tailwinds” in financial advice in Australia, with the firm turning its attention to digital advice following the completion of its transformation project.
Licensee Centrepoint Alliance has shared its first half FY25 results with strong performance coming from the acquisition of Financial Advice Matters.
Professional services firm AZ NGA has announced a group chief financial officer, who previously spent six years as Fitzpatricks Financial Group’s CEO.
Clime’s disposal of advice licensee Madison “needed to happen yesterday”, managing director Michael Baragwanath has told Money Management, as he concludes a severe cost-out period at the business.
