Rubik announces new CEO

In an announcement to the ASX this morning, Rubik chairman Craig Coleman revealed that Iain Dunstan, current managing director of Rubik's wealth division, has been appointed interim chief executive.

Mr Hoogenhout departs from his position as Rubik chief executive after being appointed to the role in February 2014.

“The board wishes to acknowledge that under Niek’s leadership we have reshaped the strategic direction of the business, established our mortgage division and built a high-calibre executive management team capable of executing our plans under Iain’s leadership,” Mr Coleman said.

Mr Dunstan joined Rubik in October.