Australia's Yellow Brick Road falls most in 1 week; CEO resigns

Yellow Brick Road Holdings

17/05/2019 04:05

** Shares of Yellow Brick Road Holdings Ltd  YBR.AX  fall as
much as 1.5% to A$0.065, mark their biggest intraday pct loss
since May 10 
    ** The wealth management firm says to start the process to
outsource, dispose of or restructure their wealth business
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    ** Co says restructuring of wealth business expected to
significantly reduce cost base and will result in a headcount
reduction to the overall business
    ** Co says Frank Ganis will step down as CEO
    ** As of last close, stock down 31% this year

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