It has been reported Mr Dack left the organisation’s head office on Friday 26 September, promising to send an email over the weekend to Mr McGrath to announce his departure, although he added an "empty office may indicate some clues" that he has left.
Current director of sales and partner Matt Lahood said over the last nine years, since he was appointed director of sales, Mr Dack had continued to be an agent in McGrath’s Edgecliff office.
“We wish James well in his new endeavour,” Mr Lahood said.
“James was an important part of our business in the early years.
“We have a strong management team in place and we are excited about the future of the business.”
Mr Dack is now working for his new company, an investment company called Sunshine Group.