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Investorfirst CFO resigns

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By Reporter
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2 minute read

The chief financial officer at Investorfirst has tendered his resignation.

Ariel Sivikofsky has resigned from his position as chief operating officer with listed financial services firm, Investorfirst.

Sivikofsky who also held the position of joint company secretary, will finish up with Investorfirst in April, an Investorfirst statement to the Australian Securities Exchange said.

"Investorfirst is in the process of a strategic review and a search for a replacement of this position is well under way," the statement said.

Andrea Steele will remain as company secretary, the statement said.

Last month, Investorfirst announced it has begun a strategic review to identify revenue-acceleration opportunities and ways to refine elements of the business.

The review was being conducted by an internal team led by company chairman Otto Buttula and deputy chairman Jason Entwistle, the company said in its half-year report.

Preliminary results from the review are expected to be ready at the end of March.

A mixture of major one-off financial costs contributed to Investorfirst reporting a net loss after tax of $7 million for the six months ending 31 December 2011, compared to a loss of $758,000 in the same period a year earlier.