Multiport Managing Director and founder John McIlroy will leave the business in June this year with Libby Roy appointed as interim head.

Roy was previously head of financial planning at ipac and will transition into the role in an interim capacity from April 16.

Multiport, an SMSF and managed accounts provider was purchased by AXA Australia in 2009 and became part of the AMP Group in 2011 following the AMP/AXA merger.

AMP's director of banking and wealth management products, Rob Caprioli said McIlroy had made a significant contribution to the development of the SMSF market in Australia.

"John has been a driving force in the development of the SMSF market in Australia, with Multiport now a pre-eminent SMSF provider with more than $2 billion in funds under administration and with an increasing presence in the managed accounts area," Caprioli said.

Roy has more than 17 years' experience across a number of industries in Australia and the United States. Most recently Roy was General Manager of ipac Financial Planning with responsibility for ipac's in-house and equity partner network of approximately 150 advisers with more than $5 billion in funds under advice.

Prior to this Ms Roy was the General Manager of American Express Travel across Asia Pacific. She has held a range of positions in financial services including general management, marketing, product development, and operations as well as working for Booz as a strategy consultant.