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Financial services group Austock has lost its head of group distribution to CommSec.
Austock Group head of group distribution Steve James has quit.
James will join broking service Commsec on March 3 as head of wholesale sales.
He was formally at wealth management technology group IWL. The Commonwealth Bank of Australia purchased IWL last year for more than $370 million.
Last year James led the roll out of Austock's new portfolio model for financial planners.
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