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Allan Rosengren quits Lighthouse after Falcon closure
by Daniel Grote on Oct 04, 2011 at 07:37
Lighthouse director Allan Rosengren has left the company following the closure of the Falcon network he founded 28 years ago.
Rosengren (pictured) joined the Lighthouse board in 2008, when the group bought Sumus, the holding company of Falcon. Lighthouse earlier this year closed Falcon, merging it with its LighthouseXpress network into a single regulated entity, Lighthouse Adviser Services.
Lighthouse last week announced in its interim results that the closure of Falcon, and the potential historic liabilities attached to it, had led it to incur a £2.9 million one-off charge.
In a statement to the market Lighthouse said Rosengren had decided 'to step down and focus on his other business interests.'
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