Trinity founders resign
Queensland-based property and funds management group Trinity has announced key changes to its board with the resignation of both its founding chairman, Keith De Lacy, and company founder, Peter Lewis, following the recent departures of senior executives Laurie Brindle and Steve Leigh.
The company announced the departures of De Lacy and Lewis to the Australian Securities Exchange (ASX) with a statement from De Lacy expressing disappointment at the departures of Brindle and Leigh and Lewis accepting full responsibility for having appointed the two executives and negotiating their associated contracts.
“I feel my resignation is required for the company to move forward from this point,” Lewis said.
The company has said that its future focus will be almost exclusively on funds management under new chief executive Craig Bellamy and deputy chief executive David Asplin.
Recommended for you
Sequoia Financial Group has announced it is selling off its Informed Investor subsidiary which it acquired in April 2022.
Wealth Data has examined which advice business model has seen the most growth since the start of the year including those that offer holistic advice.
Research conducted by Elixir Consulting and Lonsec has quantified the efficiency gains of using managed accounts in financial advice practices in hours per week saved.
With only one-quarter of advice practices actively seeking feedback from clients, the Financial Advice Association Australia has emphasised why this is a critical tool for client retention.