Intiger makes global operations head redundant

Intiger has made its head of global operations redundant as it ramps up cost cutting initiatives.

Sharon Wright was appointed to oversee teams in India and the Philippines in May 2015.

Her role was made redundant in light of the ASX-listed financial planning technology firm scaling back its workforce in the Philippines, closing its Cebu office and reducing its commitments in Manila.

"These changes, while regrettable, were deemed to be the most appropriate way to preserve the company's cash reserves while we refocus our operations," Intiger said.

Intiger was prompted to restructure its business after Commonwealth Financial Planning dumped their partnership, stating it was unable to negotiate an ongoing commercial agreement.

It remains in discussions with several parties interested in acquiring its operations or entering a joint venture.

"These firms are established businesses with operations and customer bases that are highly complementary to Intiger's," it said.

"However, at this time no agreement has been reached and there is no certainty that these discussions will result in a transaction."

Conversely, Intiger said it retains capacity to acquire new clients and that it was "pleased at the level of interest our services continue to receive."

Flagship software BOOM has rolled out new features, including a new advice request process, API for third-party integration, SOA quality checking system and an improved online fact find.

Read more: IntigerCommonwealth Financial PlanningSharon Wright
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