Wealth management firm Infocus has reappointed founder Darren Steinhardt as managing director after current chief executive Rod Bristow announced he will leave the firm.
Mr Steinhardt founded the company with his wife Stephanie in 1994, and said in a statement that he looked forward to leading the company once more.
“I’m looking forward to being back at the helm of this wonderful company and leading our team of great and capable people,” he said.
“Infocus is seen as an industry leader in terms of compliance, use of technology, breadth of service and efficiency in the delivery of financial advice solutions for clients, we are well placed for growth and this is a path that we will now pursue.”
According to the statement, the company expects the royal commission, announced last week, to drive further change within the financial services industry, and that Infocus intends to take advantage of the opportunities this will present.
“We will focus on growth of our business via growth in each of our aligned financial advice practices, growth in our company owned financial advice practices, and growth in each of our supporting companies,” said Mr Steinhardt.
“Infocus is positioned well and I’m looking forward to this next phase of the evolution of our company.”