IOOF GM Dealerships departs

Mick Farrell has resigned as general manager dealerships at IOOF and returned to his consulting practice, MFC Consulting.

According to a statement from IOOF, Farrell originally joined the firm in early 2013 on a two-year contract to help with the integration of advice businesses Bridges, Consultum and Lonsdale. He then stayed on for a further 12 months to assist with the integration of Shadforth Financial Group, incorporating Plan B, and Western Pacific.

Commenting on Farrell's resignation, the firm said: "As a result of Mick's decision, IOOF's senior executive organisational structure was reassessed and the role of Group General Manager Wealth Management was created to align capabilities and continue the evolution of advice and services strategies."

General manager of distribution Renato Mota has been appointed to this new role and each of the firm's dealer group CEOs now report to him.