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IOOF executive exits as costs blow out on MLC – The Australian Financial Review

IOOF chief information officer Sharam Hekmat will leave the ASX-listed wealth giant in the middle of its high stakes integration…

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Sources with knowledge of the MLC acquisition told The Australian Financial Review that a budget hole had emerged relating to the integration of the former NAB wealth arms technology systems.
They underestimated the cost and Sharam is the fall guy for this…

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