Other Citywire websites
Stay connected:

View the article online at http://citywire.co.uk/new-model-adviser/article/a645423

Ashcourt's turnaround pair resign after addressing legacy concerns

by Sarah Miloudi on Dec 13, 2012 at 12:11

Ashcourt's turnaround pair resign after addressing legacy concerns

Ashcourt Rowan's Christopher Jeffreys and Mark Smith have decided to stand down from their roles, having addressed the regulator's legacy concerns within Savoy Investment Management.

Jeffreys served as the wealth manager's chief executive officer of asset management and Smith as its head of compliance.  The pair had been tasked with sorting out the Financial Services Authority's suitability concerns with Savoy after it was fined £412,000 earlier this year.

'This has been a huge commitment and now we are reaching the end of this journey they have decided to resign,' said Jonathan Polin, Ashcourt Rowan's group chief executive officer.

Polin will assume Jeffreys' role, acting as his interim replacement. Jeffreys has decided to remain with Ashcourt Rowan, which recent brought high-net worth unit Savoy under its banner, but go back to managing his clients' assets.

Smith has decided that after 15 years it is time to leave the firm.

'Mark will move on to different challenges but has agreed to continue to work during the next six months to aid the transition of his duties,' Polin (pictured) said.

leave a comment

Please sign in here or register here to comment. It is free to register and only takes a minute or two.

News sponsored by:

Opportunities emerge as production moves back home


As the UK coalition government strives to rebalance the national economy, so called 'reshoring' looks set to play an increasingly important role in economic recovery.

Today's top headlines

A spotlight on Alastair Mundy


Alastair Mundy met Citywire's Daniel Grote at the London Stock Exchange Studios for a detailed interview about the Investec Cautious Managed fund.

More about this article:

Look up the shares

  • Ashcourt Rowan PLC
    Register or Sign in to receive email alerts for items in your favourites whenever we write about them

More from us

Archive


Read more...

Lakey steps down from Apfa council

on Jul 24, 2014 at 13:22

Sorry, this link is not
quite ready yet