Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

BlackRock fund manager loses job over £43k fare dodge

2 Comments
BlackRock fund manager loses job over £43k fare dodge

BlackRock fund manager Jonathan Burrows has lost his job after evading £43,000 worth of train fares.

Burrows, who was head of UK portfolio solutions at the asset manager, is understood to have skipped his fare in a 1 hour and 22 minute commute between Stonegate in East Sussex and central London.

He is reported to have been caught out after an inspector realised he had failed to swipe his Oyster card at the start of his journey, meaning he was only charged £7.20 for the commute, which is supposed to cost in the region of £4,500 annually.

A further probe revealed Burrows had stopped buying a season ticket in 2008.    

Thought be the biggest fare dodger in history, Burrows had hoped his name could be kept out of the public eye and protect his career if he settled the debt quickly.  

However, the Financial Conduct Authority (FCA) got wind of his behaviour and begun an investigation into whether Burrows was a 'fit and proper' person.

It is claimed that Burrows warned his bosses last week that they were likely to get a call from the City watchdog.

He was immediately suspended from the firm and subsequently resigned, ending his 19 years at the organisation.

A spokesperson for BlackRock said: 'Jonathan Burrows has left BlackRock. What he’s alleged to have done is totally contrary to our values and principles.'

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Brewin's Gutteridge & Foster talk property with Standard Life's Baggaley

Gutteridge and Foster discuss UK commercial property with Jason Baggaley, manager of the Standard Life Property Income investment trust

Brewin's Gutteridge asks Odey's Tim Bond two tough questions

Brewin's Gutteridge asks Odey's Tim Bond two tough questions

Gutteridge puts the heat on Odey's asset allocation maestro with a couple of tough questions.

Brewin's Foster & Gutteridge: searching for the yield of dreams

Brewin's Foster & Gutteridge: searching for the yield of dreams

Guy Foster and Ben Gutteridge discuss the latest upbeat US payroll report and how it has increased the probability of a first hike in interest rates in June.

Your Business: Cover Star Club

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Profile: Creechurch Capital’s CEO on going the extra mile in a crowded market

Growing a business is the main aim of many company owners but managing that growth in a controlled way is just as important

Wealth Manager on Twitter