Investorfirst, Brain Resource lose their CFOs
Ariel Sivikofsky has resigned as chief financial officer and joint company secretary from Investorfirst . The company makes software for securities portfolio management, transactions and reporting as well as advisory and stockbroking services. It made a half-year loss after tax of more than $7 million, with revenue falling 32 per cent to $3.36 million compared to the first six months of the 2010-11 financial year. The company is conducting a strategic review and is searching for a replacement CFO.
The CFO and chief operating officer of Brain Resource , Dan Segal , will move to a consulting role with the company in April when his role will be split. According to a statement, Mr Segal will oversee the company’s “key FDA [US Food and Drug Administration] biomarker initiatives and also pursue strategic initiatives along the lines of the recent successful model with Och-Ziff [Capital Management Group] for an ADHD portal". This involved funding the development a attention deficit hyperactivity disorder website “bringing together information, objective assessment and solutions" for children and their parents who have ADHD.
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