Thorn Group’s CEO leaves
Australia’s financial service provider Thorn Group has announced the departure of the company’s managing director and chief executive, James Marshall, due to “personal family matters”.
According to the company’s board, both parties managed to achieve a ‘mutually agreeable separation’ allowing Marshall to focus on his personal matters while being available to support the business for up to six months in line with his employment contract.
At the same time, Thorn’s chief financial officer, Peter Forsberg would be appointed as acting CEO effective 24 April until a permanent replacement is identified.
Thorn’s chairman, Joycelyn Morton, said: “We have built a strong management team over the past three years and we believe this will hold the organisation in good stead as the board commences a search for a new leader to take the organisation forward”.
Recommended for you
Moody’s has painted an optimistic picture for alternative asset managers in the year ahead, with lower interest rates and deregulation likely to prove supportive for their growth.
Platinum Asset Management has released its latest funds under management, with outflows notably improving from the $841 million lost in November.
Bennelong Funds Management chief executive, John Burke, has shared the firm’s priorities for 2025 including offering its responsible entity service to third parties.
With numerous private equity firms taking an interest in Australia, Money Management explores their backgrounds and the leading players who could take a stake.