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Read takes GM role

IDS founder Barry Read is taking a job as general manager of an advisory firm, three months after his firm joined forces with Strategi.

Tuesday, May 15th 2018, 4:08PM

by Susan Edmunds

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.

Tags: IDS Strategi

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Finance Direct - - - -
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Housing NZ Corp 5.79 4.79 5.05 5.29
HSBC Premier 5.89 3.99 4.19 4.69
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ICBC 5.80 4.59 4.69 5.09
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Nelson Building Society 6.10 5.10 5.45 -
Resimac 5.30 4.86 4.94 5.30
RESIMAC Special - - - -
SBS Bank 5.89 4.85 5.05 5.49
Lender Flt 1yr 2yr 3yr
SBS Bank Special - 4.19 4.49 4.85
Sovereign 5.90 4.69 4.89 5.19
Sovereign Special - 4.29 4.49 4.79
The Co-operative Bank - Owner Occ 5.75 4.24 4.49 4.85
The Co-operative Bank - Standard 5.75 4.74 4.99 5.35
TSB Bank 5.80 4.74 4.99 5.35
TSB Special - 4.24 4.49 4.85
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Westpac 5.95 4.99 5.05 5.44
Westpac - Offset 5.95 - - -
Westpac Special - 4.29 4.49 4.85
Median 5.89 4.69 4.89 5.19

Last updated: 10 August 2018 9:25am

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