Lonsec research general manager Grant Kennaway has left Lonsec after more than 11 years with the research firm.
Kennaway is succeeded by Amanda Gillespie, who stepped into the research general manager role yesterday.
Gillespie joined Lonsec 10 years ago and was a critical part of the success of the research business, Lonsec said.
It said Kennaway planned to take an extended break, but it is understood an announcement on his future role will be made shortly.
Lukasz de Pourbaix will assume responsibility for Lonsec's investment consulting team.
Lonsec has also appointed Anh Nguyen as a quantitative analyst.
Financial Research Holdings managing director Jason Clarke said the company was aware of Kennaway's plans when it bought Lonsec last month.
"It was anticipated, but I guess there was a bit of mind changing," Clarke said.
"In the end, I guess he felt he needed an extended break before starting new challenges elsewhere."
He said the takeover would not be affected by Kennaway's departure.
"He had no equity participation," he said.
He said Gillespie had been with the firm for a long time and he was confident she would be successful in leading the research team.
"We are confident that both Amanda and Lukasz will play a huge part in ensuring Lonsec continues to deliver market-leading research and innovative and responsive services to the financial planning market," he said.
