More movement at Allco
More movement has occurred within the senior ranks of troubled financial services group Allco, with the resignation of Gregory Woolley, a non-executive director of Allco Equity Partners.
In recent months, a series of structural changes have been announced by the private equity investment company and its key stakeholder, Allco Finance Group.
In a letter to shareholders dated April 17, 2008, Allco Finance Group announced that its business model and strategy had been “severely impacted by a rapid and largely unanticipated crisis in global credit markets”.
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
