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
ASIC has cancelled a Sydney AFSL for failing to pay a $64,000 AFCA determination related to inappropriate advice, which then had to be paid by the CSLR.
A former Brisbane financial adviser has been charged with 26 counts of dishonest conduct regarding a failure to disclose he would receive substantial commission payments for investments.
Inefficient data processes and systems mean advisers are spending over half of their time on product implementation and administration at the expense of clients, according to research.
With the regulator announcing its enforcement focus for 2025 last week, law firm Hall & Wilcox examines the areas which have dropped down the list in priority for the regulator.