Multiplex looses O'Toole

IAN O'Toole has resigned as the managing director of Multiplex Capital Division.

O’Toole has also resigned as a director of the Multiplex European Property Fund and Multiplex Acumen Property Fund.

As the managing director of the Multiplex Capital Division, O’Toole was instrumental in the growth of this business through the establishment of Multiplex Property Trust and a range of externally managed funds, leading to funds under management of circa $7.6 billion as at June 30 2007.

Earlier this week, Brookfield announced that it has secured over 90% of Multiplex securities making its offer for the group unconditional.

Brookfield has also extended the offer expiry for its $4.2 billion bid from October 31 to November 12 to shareholders who have yet to accept.

On Wednesday, Allan McDonald and Barbara Ward have resigned as directors and Mark Wilson has resigned as company secretary of Multiplex, effective immediately.

Australian Property Journal