‘Market became fed up’: MLC owner leaves ASX after 23 turbulent years

Insignia Financial lost the trust of public market investors following years of governance failures and business missteps, says chief executive Scott Hartley, as the MLC owner prepares to delist from the ASX following its acquisition by private equity firm CC Capital.

Closure of the $3.3 billion takeover on Tuesday will end a turbulent 23-year run on the stock exchange, where the 180-year-old wealth management giant hit a high of $10.99 a share in 2017 before stumbling from controversy to controversy.

Source: https://www.afr.com/companies/financial-services/market-became-fed-up-mlc-owner-leaves-asx-after-23-turbulent-years-20260424-p5zqur