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MyState CFO resigns

The Tasmanian bank has announced the resignation of its CFO, David Harradine, who has served the company since 2015.

In a disclosure to the ASX, MyState Ltd announced that its chief financial officer, David Harradine, has resigned, effective 25 October 2019.

Mr Harradine has been with the bank since May 2015 and was previously a partner with Deloitte Australia.

Commenting on the resignation, managing director and CEO of MyState, Melos Sulicich, said: “During his tenure, Mr Harradine has transformed our finance division and has navigated the business through a period of substantial change.”

“He has made a valuable and lasting contribution to our business, and we wish him well in his future endeavours,” Mr Sulicich concluded.

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MyState will reportedly begin the recruitment process for Mr Harradine’s replacement shortly.

The announcement comes two months after MyState announced the $3.5 million sale of its financial planning business assets to Fiducian Group.

Mr Sulicich said the sale is a “strategic move” that will allow the bank to “simplify” its business and “invest for growth in the areas where [it] can have a competitive advantage”.

[Related: MyState divests financial advice business for $3.5m]

 

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