Ipac chief operating officer Eric Gibson will become acting head of ipac business partnering until a permanent replacement for the position has been found, the group has said.
Gibson's appointment follows yesterday's announcement that head of ipac business partnering John Saint would become chief executive of Axa-owned dealer group Genesys Wealth Advisers, effective 7 December 2009.
A spokesperson for ipac said Gibson was a good choice to act in the role as he had worked closely with Saint, who was responsible for leading the ipac practice development and acquisitions teams following other senior management roles within the group.
Greg Kirk said he would step down as Genesys chief executive on 31 December 2009 to spend time with his family and to take a short career break, but that his intentions were to return to the financial services arena in due course.
"I have no definitive plans as yet and am not considering any roles at this point in time, however I do see there being a lot of opportunities in the market post pending regulatory changes," Kirk told InvestorDaily.
When Axa acquired Genesys from Challenger, Kirk had a fixed contract of 18 months and earlier this year informed the board he would not be seeking to renew his contract.
"This was very much a planned succession," Kirk said.
In the meantime, Kirk will become a non-executive director of Genesys from 1 January 2010 and will continue his association with the senior leadership team on strategic issues facing the company.
Non-executive chairman of the Genesys Group Neil Swindells will become a director, with general manager of Axa's Financial Advice Network Andrew Waddell to replace him in an executive chairman capacity.
