The chief executive of FIIG Securities has stepped down from his position, with founding director Jim Stening moving into the role of acting managing director.
FIIG Securities managing director and chief executive Mark Paton has stepped down from his role as he "explores a potential role" at FIIG and MH Carnegie alternate debt joint venture Gieldan Capital.
Jim Stening has been appointed acting managing director effective immediately, pending the appointment of a new chief executive.
A statement by FIIG said the company has engaged an executive search firm to commence the process of appointing a new chief executive.
FIIG chairman Douglas Bates said Mr Paton had played a key role at the company during his four years at the firm.
Mr Stening said he was "looking forward to rejoining the company" while the search for a replacement is undertaken.
"FIIG is in a strong financial position with a growing and highly engaged client base. I look forward to re-joining the company in an executive capacity," Mr Stening said.
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