In a statement to the ASX, Mr Heap said his decision to resign was the “right one”.
“I continue to be passionate about the innovation in financial services; however, my decision to step aside is the right one for the company given the evolving requirements of AWI as a ‘pure play’ digital wealth business,” Mr Heap said.
AWI will be integrated as one business focusing on its digital wealth properties – InvestSMART, YourShare and Intelligent Investor.
As a result of the structural changes, Paul Clitheroe will become executive chairman of AWI. Current head of InvestSMART Ron Hodge will be appointed as chief operating officer.
Commenting on the changes, Mr Clitheroe said he is “pleased” with the progress.
“While we have significant work to do, I am pleased with the recent progress in our core business, notably by the launch of new products and customer growth in Intelligent Investor and the revamp of our digital properties, as we seek to become an integrated and efficient customer-focused wealth business,” he said.
