Commonwealth Financial Planning (CFP) general manager Tim Gunning has resigned to take up a new position.
"Commonwealth Financial Planning has announced that general manager Tim Gunning has resigned from the business to take up an alternative position in the financial services industry," a Colonial First State spokesperson said today.
"Tim has been with the business for six years and in that time has made enormous contribution to CFP and Colonial First State as part of the executive team.
"The business wishes him well in his future endeavours. "
The spokesperson did not say where Gunning was heading.
CFP national manager David MacKay will take on the role of acting general manager until a new candidate is found.
As general manager, Gunning had overall responsibility for CFP's 700 advisers.
He was also a director of CFP and sat on the Colonial First States executive committee.
Before joining CBA, he had a stint as general manager of Securitor and PACT dealerships at Asgard Wealth Solutions, where he had responsibility for 600 independent financial planners.
