Yellow Brick Road Holdings Limited announced in order to concentrate efforts as a mortgage distribution, servicing and manufacturing group, the YBR Board has decided to commence a process to dispose of, outsource or otherwise restructure the head office wealth business functions. This will result in a headcount reduction to the business overall. A clear objective is to reduce significantly the cost to income ratio of the business. Frank Ganis will step down as Group CEO, to a part-time role where he will consult to the group on a number of initiatives, including building securitisation programme and funding partnerships, growing brands, continue operational and customer service improvements, and industry advocacy.