IOOF Holdings' chief investment officer Stephen Merlicek is poised to step down, sources told Street Talk on Tuesday.
Merlicek, one of Australia's most successful investment strategists, joined IOOF in 2009. Prior to IOOF, Merlicek was the chief investment officer at Telstra Super for 10 years.
He was named CIO of the year in the inaugural 2012 National Achievement awards.
IOOF chief executive Chris Kelaher is expected to announce Merlicek's departure before the end of the week.
It is understood Merlicek will stay on the investment committee in a non-executive capacity.
Sources said Merlicek will continue his charitable roles with the Baker Heart and Diabetes Institute and the Walter & Eliza Hall Institute.
His business interests include Activus Investment Advisors run by industry veteran Robert Talevski.
According to its website, Activus provides investment advisory services to the superannuation, institutional investors, dealer groups, and charities space. It is looking to disrupt Australia's $2 trillion-plus asset consulting space with tailored and low cost investment solutions.
