** Shares of Hearts and Minds Investments HM1.AX fall 1.3% to A$3.060

** Investment firm announces departure of CEO Brett Jollie

** Says co is transitioning to a "streamlined model", appoints Richard Howes as a part-time MD

** Jollie, who has been with the firm for less than half a year, will stay with the firm until June 30

** Stock down 0.7% so far this year

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))