Wealth Manager - Essential news for investment professionals

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

WH Ireland suspends Cardiff head as plot into shock Compton exit thickens

WH Ireland suspends Cardiff head as plot into shock Compton exit thickens

Just a day after the shock exit of chief executive Paul Compton, WH Ireland has suspended the head of its Cardiff office as part of an investigation into personal share trades conducted by executives, according to reports.

According to Sky News, the private client stockbroker has suspended Barrie Tyler amid reports Compton's sudden departure was linked to an investigation into his personal share trades.

The news broadcaster said Tyler has been placed on leave pending the outcome of an investigation into a number of personal trades carried out by executives at the firm. It names transactions in facilities firm Cape and AIM-listed oil and gas firm Rockhopper Exploration among those being probed.

Sky also claims WH Ireland's compliance staff had previously raised concerns about Compton's dealings through Suspicious Transactions Reports.  

Shares in WH Ireland have fallen from around 75p to 56p since news of Compton's departure hit the market early yesterday afternoon.  

In a separate announcement posted on the London Stock Exchange this afternoon, WH Ireland confirmed Compton no longer had an interest in the firm after disposing of 1,190,348 ordinary shares at a price of 51.54p.  

However, WH Ireland declined to comment on the investigation and the suspension of Tyler.  

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Sarasin’s Boucher: why I like salmon with chocolate

Sarasin’s Boucher: why I like salmon with chocolate

Henry Boucher, manager of the £129 million Sarasin Food & Agriculture Opportunities fund, explains why he is gobbling up salmon and chocolate stocks.

Play Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Alibaba hype, the UK slowdown and opportunities in European sovereign bonds

Libby Ashby and leading wealth managers analyse what the Alibaba IPO hype means for Chinese equities, slowing growth of the UK economy and whether there’s anything left to play for in the European sovereign bond market.

Play Tesco, Japan and the rise of the central banker

Tesco, Japan and the rise of the central banker

 Libby Ashby and leading wealth managers scrutinise the food retail sector, Japan’s consumption tax hike and political risk in the markets.

Your Business: Cover Star Club

Veteran banker boosts Sanlam’s stockbroking team

Veteran banker boosts Sanlam’s stockbroking team

A veteran private banker has been recruited by Sanlam Private Investments to strengthen its advisory stockbroking team.

Wealth Manager on Twitter