Forsyth Barr independent director Anne Blackburn has left the broking firm after joining Fisher Funds as part of TSB Bank's representation on the fund manager's board.
TSB Bank director Blackburn and chief executive Kevin Murphy joined the board of Fisher Funds Management on June 13, four months after the Taranaki-based lender took a quarter-stake in the fund manager as part of its $79 million acquisition of Tower Investments.
A week later, Ms Blackburn ceased being a director at Forsyth Barr, according to documents lodged with the Companies Office.
Forsyth Barr chairman Eion Edgar told BusinessDesk Ms Blackburn's departure came after she accepted a position on the board of another company, without naming the firm, and paid tribute to her six and a half years' service to the brokerage.
Ms Blackburn also sits on the boards of the New Zealand Venture Investment Fund, Eastland Group, Fidelity Life and Auckland Council Property Ltd.
Mr Edgar said Forysth Barr's board wants to confirm a new independent director after its next meeting on July 10.
The broking firm's board includes managing director Neil Paviour-Smith, executive directors Shane Edmond and Darren Manning, independent director David Kirk and deputy chairman Michael Sidey.