Foreign exchange provider OFX Group is still to struggling to recover from depressed transaction volumes post-Bexit, and the company issuing a warning on Wednesday that fee and commission income for the 2017 full year would be lower than expected.
The trading update came as the business announced the appointment of a new chief executive, John Alexander Malcolm. He will replace Richard Kimber, who has resigned from the role.
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Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
Will Willitts is a Sydney-based desk editor; previously posted in Washington, Frankfurt, Mexico City and Ottawa, he has worked with Reuters, Bloomberg and Dow Jones. Connect with Will on Twitter. Email Will at wwillitts@afr.com
