John Simmonds leaves Bluefin

Bluefin Wealth Management and Bluefin Corporate Consulting chairman John Simmonds has left the Axa-owned advisory business to pursue other interests.

Simmonds took over as chief executive of Thinc Group from Simon Chamberlain in August 2007 before it was rebranded as Bluefin in January 2009. He was replaced as Bluefin Advisory Services chief executive last March by Bluefin Corporate Consulting managing director Nick Burns. Simmonds was previously managing director at Towry Law for seven years.

He says: “Bluefin is well positioned to cope with the RDR and everything is in place for the business to grow and flourish. It feels like the right moment to move on and consider new challenges.”

Bluefin Advisory Services chief executive Nick Burns says: “We are grateful to John for his dedication and hard work. We wish him the very best for the future.”

Axa announced in November it had put Bluefin Advisory Services up for sale. Axa bought Thinc Group in October 2006 for a consideration of up to £100m but only ended up paying £40m after performance targets were not met.