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Tower's Australian restructure

Tuesday, August 6th 2002, 9:00PM
Tower is restructuring its Australian operations to help implement its New Horizon strategy.
The company is selling its personal and corporate trust business and will merge the remaining five wealth management and risk businesses into one business, Tower Australia.
As a result of the restructure chief operating officer Ken Boag loses his job. The head of risk and investment management, Andrew Moon, will be acting ceo until a new appointment is made.
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