SimplyBiz appoints new chief financial officer
By Justin Cash 17
Adviser support services group SimplyBiz has appointed a new chief financial officer.
David Thompson will join the SimplyBiz board on 1 April.
After qualifying as an accountant, Thompson’s roles have spanned the energy and consulting sectors, most recently as chief financial officer at Aim-listed Smart Metering Systems, and previously at Energetics Utility Group, Johnston Carmichael and PwC.
After five years with the company SimplyBiz’s group finance director Gareth Hague will be leaving the company “by mutual agreement”, and will step down from the board on 31 March.
SimplyBiz chairman Ken Davy praised Thompson’s work supporting the group’s IPO in 2018, and its acquisition of research firm Defaqto the following year.
The FCA seeks to ban a financial adviser after he was convicted of trying to sexually groom a child. In a decision notice today, the watchdog says it has removed the IFA’s approval to be a senior manager and to take on any regulated role in the future. The adviser Jon Frensham has appealed the decision, […] 29
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A High Court judge has deemed the Financial Services Compensation Scheme’s decision to only compensate some of the investors of a collapsed mini-bond provider should stand. London Capital and Finance bondholders have been left disappointed as they failed to get the FSCS’s decision overturned in a judicial review of the matter. But affected investors plan […]
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th February 2021 7:44 am
Good morning and welcome to your Morning Briefing for Wednesday 17 February, 2021. To get this in your inbox every morning click here.
FCA Opens Up Over Woodford
After Neil Woodford’s extraordinary comeback interview over the weekend, commentators lined up to express their disbelief. Hang on, wasn’t the FCA still investigating, they asked? How could he be allowed to run money again with that going on?
The answer, of course, was that Woodford’s potential return will be based in Jersey, away from the clutches of the FCA rulebook. Or so he might have thought.
It is very rare for the FCA to make announcements outside of normal trading hours, but last night, at around 9pm, it just did that. It felt compelled to update everyone, it said, after receiving requests for information in the wake of Woodford announcing his new venture.