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Bankhall loses third compliance manager

IFA support services group Bankhall has lost another member of its senior management team.

Compliance director David Badley has resigned after a few months in the role. He was part of a top tier of management leading a 130-strong compliance team.

Badley is the third compliance director to leave the 5,000-adviser group within 12 months. He follows David Bratessani and Ross McArthur who were both working as compliance directors within different divisions.

Bankhall Investment Associates is being taken to an employment tribunal in November by another former employee, Ian Ste-phens, alleging unfair dismissal for whistleblowing.

Stephens alleges breach of contract, unfair dismissal and unfair dismissal under the Public Interest Disclosure Act 1988.

Bankhall director of marketing Tony Murrell says: “We cannot comment on matters of this kind. I can confirm that we continue to employ over 100 personnel in our compliance department and we will continue to expand in that area.”

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