YBR yellow brick road holdings limited
Add to My Watchlist 0.00% ! 6.1¢

News: YBR Yellow Brick Road Says Wealth Business Restructure Seen To Result In A Headcount Reduction

  1. Hot News
    193,698 Posts.
    lightbulb Created with Sketch. 2825
    clock Created with Sketch.
    17/05/19
    01:15
    Post #: 38605669

    May 16 (Reuters) - Yellow Brick Road Holdings Ltd (YBR) :

    • BOARD HAS DECIDED TO COMMENCE A PROCESS TO DISPOSE OF, OUTSOURCE OR OTHERWISE RESTRUCTURE HEAD OFFICE WEALTH BUSINESS FUNCTIONS
    • RESTRUCTURE OF WEALTH BUSINESS IS EXPECTED TO SIGNIFICANTLY REDUCE COST BASE, RESULT IN A HEADCOUNT REDUCTION TO BUSINESS
    • GOING FORWARD COST OF MAINTAINING YBR'S AFSL & ASSOCIATED COMPLIANCE FUNCTIONS & LIABILITIES WOULD THEN NO LONGER BE BORNE BY GROUP
    • FRANK GANIS WILL STEP DOWN AS GROUP CEO
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
    Stroke 3 Created with Sketch. Comments Created with Sketch. Reply

  2. Top Stories

 

Featured News

NEWS Lakes Commences Drilling at Wombat-5 Well, Victoria
right-arrow Created with Sketch.
NEWS The Watchlist - Hear from ASX Leaders!
right-arrow Created with Sketch.
NEWS Oz core inflation at 2.7%; August cut odds still unclear; ASX200 rises
right-arrow Created with Sketch.
NEWS Access all the latest ASX news here
right-arrow Created with Sketch.
NEWS DeSoto Granted New Project in Guinea's Siguiri Basin
right-arrow Created with Sketch.
RC1 Redcastle Delivers Positive Scoping Study for Queen Alexandra
right-arrow Created with Sketch.
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Add to My Watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.