Allied Farmers won't be replacing Rob Alloway
Bluett said Allied Farmers is being split in two, one being investments, the division managing the property and loan assets acquired from Hanover Finance and sister company United and the other being the company's rural servicing operations.
The first division won't have a full-time chief executive and the company says it is well advanced in searching for a chief executive to head its rural division.
Of the investments division, Bluett says: "The progress made by the executive team over the last 18 months in dealing with these assets is such that the board believes a full time chief executive is no longer required for this division.
"The company is in the process of appointing a third party to manage the assets on its behalf."
Click the button below to subscribe and will have free unlimited access for a limited time to full article and all other articles on the site.
You will also be able to comment on articles on Good Returns.
![[The Wrap] What the heck is happening at the FMA?](https://goodreturns.publit.io/file/c_fill,w_300,h_200/a6c3bc06-6401-44de-96e2-286c090e132d.jpg)