Newly appointed HFA CFO resigns


HFA Holdings (HFA) has announced its recently appointed chief financial officer (CFO), and company secretary, Henry Capra, has resigned.
Capra informed the HFA board that he was not able to continue his role due to personal circumstances.
HFA said his resignation was effective immediately, but his last day would be 30 June 2016.
In a statement to the market, the firm said that Amber Stoney, the previous CFO and company secretary before Capra, would take over until HFA found a replacement.
HFA said that as Capra was unable to continue his role, Stoney would lead the company into their 2016 annual results period.
"We are fortunate that we will continue to benefit from Ms Stoney's experience and knowledge, knowing that we can recommence the process of identifying a suitable replacement for her without interruption to the financial management and governance of our organisation," the publicly listed company said.
Stoney had been with the company for 12 years before resigning, but has now postponed her personal plans to act as the CFO and company secretary of HFA, the firm said.
Recommended for you
Lonsec and SQM Research have highlighted manager selection as a crucial risk for financial advisers when it comes to private market investments, particularly due to the clear performance dispersion.
Macquarie Asset Management has indicated its desire to commit the fast-growing wealth business in Australia by divesting part of its public investment business to Japanese investment bank Nomura.
Australia’s “sophisticated” financial services industry is a magnet for offshore fund managers, according to a global firm.
The latest Morningstar asset manager survey believes ETF providers are likely to retain the market share they have gained from active managers.