Sharechat Logo

ITC wants increased Australian investment

By Phil Boeyen, ShareChat Business News Editor

Thursday 27th July 2000

Text too small?
IT Capital hopes a new Sydney office will help to push demand for its shares in Australia.

The dual-listed tech stock has announced a new executive appointment, CFO John Dakin, to open the Aussie operation.

MD Keith Phillips says it is paramount the company has a presence in Australia, and Mr Dakin will help build investor channels there.

He says the company would eventually like to reverse the current position where most of its shares are held in New Zealand, to having most of them held off-shore in Australia, the US and south-east Asia.

ITC says John Dakin has a diversified industry background in merchant banking, funds management and financial services having spent the last twenty years in senior financial roles in some of Australia's leading organisations such as Lend Lease, Chemical Bank, Costain Australia and MBF Australia.

The company says Mr Dakin has the expertise and credentials to play a major role in accelerating ITC's growth.

The Sydney office is due to open in September.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.
IRG See IRG research reports