Milford chief, Troy Swann, will leave the firm at the end of the year.
In a note to clients, Swann says he was returning “home to Australia to be closer to family”
“I have thoroughly enjoyed my time at Milford and am very proud to have been a part of what Milford has delivered to our clients over that period,” he says in the note.
“Mark Ryland has been appointed as Acting CEO while Milford undertakes a process to appoint a new CEO. Mark is currently our Head of Product & Operations, and has held a number of leadership roles over his 25 years in the industry. There are no changes to the team who invest your money.”
Swann joined Milford in October 2016, replacing foundation managing director, Anthony Quirk. Quirk resigned from the now $5 billion plus boutique in March 2016.