New chair for Thorn Group
Publicly-listed financial services company Thorn Group has announced the stepping down of its chairman, David Carter.
The company announced to the Australian Securities Exchange (ASX) this week that David Carter would be stepping down as chair of the company on 26 August 2014, with fellow director, Joycelyn Morton, to assume the role of chair.
It said Morton had extensive business experience and had been chair of the board’s Audit, Risk and Compliance committee since being appointed a Thorn director in October 2011.
The announcement said Carter was stepping down as part of the board’s renewal process, which was initiated four years ago and would remain on the board as non-executive director until 31 December 2014.
AUTHOR
Mike Taylor
Recommended for you
Advisers at DOD Bookkeeping, which received an $11 million penalty last week, received as much as 40 per cent of their remuneration via a bonus when clients purchased a property via a SMSF, according to court documents.
Private wealth manager Escala Partners has launched an end-to-end investment platform to strengthen its alternatives capability as clients seek sophisticated vehicles.
Perpetual Wealth Management has hired two advisers from Ord Minnett as part of five hires, just weeks after the rival firm announced it had picked up six from Perpetual Private.
ASIC has cancelled the AFSL of a Perth financial services firm following payments to its clients by the Compensation Scheme of Last Resort after a failed managed investment scheme.
