Dublin-based financial services firm IFG Group has announced an overhaul of its senior management team.
The company has announced that its group chief executive John Cotter is to step down, and will be immediately succeeded by non-executive director Kathryn Purves.
Ms Purves joined the Board in May 2016 and was previously Chief Risk Officer of Partnership Assurance.
She has over 20 years of senior leadership experience in financial services companies including Phoenix Equity Partners, Deutsche Bank and UBS.
The company also said that its chairman John Gallagher will also leave his role following an AGM next month, with interim chief financial officer Mark Dearsley set to take his place.
Before joining IFG, Mr Dearsley was group strategy director for Just Group.
Meanwhile Gavin Howard will fill the role of interim chief financial officer. Mr Howard has previously worked at Octopus Group, Just Group, Partnership Assurance, Barclays and Friends Provident.
Last month IFG Group announced a £400,000 sterling loss for 2017, which it blamed on a £8.8m exceptional cost which covered legacy issues, including legal and reorganisational costs related to its James Hay subsidiary.
The company said it was making the changes as the composition of the group has shifted significantly following its successful exit from its non-UK operations to focus on the attractive and growing UK wealth management and intermediary platform markets in the last three years.
"In the light of this evolution, the board believes now is the appropriate time for new leadership to take the business forward," it added.
Shares in the company were lower in Dublin trade today.
