Read takes GM role

It was announced in February that the two compliance firms had decided to merge under the Strategi brand.

Read said at the time Strategi had the scale, resources and systems to help take the financial advisory industry into the new age of technology and professionalism.

“We looked going forward at the resources we would need to get clients through the next lot of changes and it was hard to find the right resources," he said. "It would have required another level of investment."

In a message to clients on Tuesday afternoon, Read said he was moving on and had accepted a new role.

He did not say where the new role would be. He has been approached for comment.

It is understood that he has had conversations with a number of industry groups about potential new opportunities.

David Greenslade, managing director of Strategi, said his firm was recruiting.