Dealer group Professional Investment Services (PIS) is in advanced discussions with a number of candidates to become its new chief executive.
PIS group managing director Grahame Evans said the firm is in the final stages of the recruitment process with four candidates.
"We're into the second stage of the process and we've got a shortlist of four and we're going through further interviews at the moment, so we're expecting to have an announcement relatively soon around this," Evans said.
A decision on a new chief will not be known for a number of weeks, he said.
For the past six months, PIS executive Greg Whimp has been holding the position as acting chief, however, a full-time chief is required now that the group's parent company, Professional Investment Holdings (PIH), has completed the merger with Centrepoint Alliance (Centrepoint).
Evans said the reason the chief position is available stems from PIH's merger with Centrepoint as well as PIS's push to separate advice from product.
In line with the internal changes, former PIS chief executive David Johnstone has moved across to Centrepoint, where he is now group head of corporate development.
The changes also meant Evans has split his duties with Centrepoint managing director Tony Robinson.
"I've taken over as acting CEO for PIS and Tony has taken some of my responsibilities off me such as to the funds management side," Evans said.
"So in the interim, [Ventura Funds Management and All Star managing director] Kate Mulligan is going to be reporting to Tony and the Australian Loan Company, [general manager] Lesley Woodward will be having dialogue with him as well."
Evans said Robinson would also assume the duty of some of the group's international operational side for Singapore and Malaysia.
