UK investment firm chief executive steps down, as private bank makes c-suite change
AllianceBernstein
The UK chief executive and head of Emea client group Jamie Hammond is leaving the firm at the end of the month, our sister publication
Portfolio Adviser has learned.
Hammond will depart at the end of February after five years “to pursue new opportunities”.
Before joining AB in January 2016, Hammond spent 15 years at Franklin Templeton where he was managing director of Europe, heading its retail and institutional business across the region.
AB chief administrative officer (UK) Ian Foster has been named acting chief executive and Onur Erzan, head of global client group, will oversee Emea distribution while a permanent replacement for Hammond is found.
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.
SimplyBiz in Huddersfield names new chief financial officer yorkshirepost.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yorkshirepost.co.uk Daily Mail and Mail on Sunday newspapers.
17
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.