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
Professional services group AZ NGA has made its first acquisition since announcing a $240 million strategic partnership with US manager Oaktree Capital Management in September.
As Insignia Financial looks to bolster its two financial advice businesses, Shadforth and Bridges, CEO Scott Hartley describes to Money Management how the firm will achieve these strategic growth plans.
Centrepoint Alliance says it is “just getting started” as it looks to drive growth via expanding all three streams of advisers within the business.
AFCA’s latest statistics have shed light on which of the major licensees recorded the most consumer complaints in the last financial year.
