The AIOFP has announced the resignation of chair and director Peter Daly in the wake of the Linchpin Capital “failure”.
In a statement, AIOFP executive director Peter Johnston announced Mr Daly had resigned “with immediate effect” following the Federal Court’s decision to place the assets of Linchpin Capital, of which Mr Daly is a director, into receivership.
“Peter believes the fallout from the Linchpin failure has unfortunately rendered his position untenable,” Mr Johnston said.
“As he has constantly done over the past 8 years, the AIOFP and its members best interests have always come first.”
Mr Johnston added that the Linchpin failure “has no ramifications for any other member practice”.
“The AIOFP Board will be meeting shortly to appoint a replacement for Peter and a new Chair,” he said.
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