DKN Financial Group chief executive Phil Butterworth has decided to leave the company, following the merger of IOOF Holdings and DKN.
Lonsdale Financial Group chief executive Mario Modica will now report directly to IOOF managing director Christopher Kelaher.
"Mario brings a wealth of financial services experience to the leadership group of IOOF, having served as CEO of Lonsdale since July 2000," Kelaher said.
Butterworth was chief executive of DKN since 2006 and led the company through a series of acquisitions, including the purchase of Lonsdale in 2007.
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