Iress has finalised the $52 million sale of its Managed Funds Administration (MFA) business to SS&C, while also kicking off the divestment process for its Platforms unit.
Simon New has resigned from his post as chief executive of Iress UK four months after taking up the role. Money Marketing understands that Iress UK staff have been informed of the resignation. It’s not clear as to the reason why New has parted ways with the fintech firm.
The fintech has appointed an interim wealth CEO to succeed Harry Mitchell, who takes on additional responsibilities in the UK, and has flagged superannuation as a growth business following the QAR.
Iress has confirmed a mini reshuffle of its leadership team as Harry Mitchell chief executive of wealth management takes up a broader role, splitting his time between Australia and the UK.