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B&B chief executive Rodrigues resigns

Bradford & Bingley group chief executive Christopher Rodrigues has resigned to take up a position as president and chief executive of Visa International in San Fransisco.

He will be replaced by Stephen Crawshaw, currently in charge of the group&#39s core lending and savings business.

Crawshaw says: “I am clear about our priorities in both the short and medium term and I am confident in our strategy. My immediate emphasis is to continue to achieve our growth objectives whilst improving our operational efficiency.”

Bradford and Bingley chairman Rod Kent says: “On behalf of the Board, I would like to thank Christopher for his strong leadership of Bradford & Bingley over the last eight years which included the flotation process. I wish Christopher every success in his new job.

“Steven is a first class operator and is the natural successor to Christopher. He knows the Company and its businesses very well. He is already responsible for running the lending business which increased gross new lending by 70 per cent last year and contributed over 80 per cent of Group profits in 2003.”


Teathers in lucky seventh EIS offering

Teather & Greenwood has introduced Childcare Corporation 7, an enterprise investment scheme that aims to raise money for the building and operation of three or four more purpose-built children&#39s nurseries around the UK. This EIS takes up the objectives of the previous six Childcare Corporation schemes by providing private day-care facilities for children aged between […]

Axa Investment Management – Axa Select Active Portfolio

Type: Oeic fund of funds Aim: Growth by investing globally in equities through segregated mandates and collective investment funds Minimum investment: Lump sum £100,000 Investment split: 100% global equities Isa link: Yes Pep transfer: Yes Charges: Initial 5%, annual 1.5% Commission: Subject to negotiation Tel: 020 7003 1234

Treasury issues results of two-year FSMA review

The Treasury has published its two- year review of the Financial Services and Markets Act and proposed changes to secondary legislation. The report is divided into three between an assessment of the FSMA on competition in financial services, secondly the possible changes to the Financial Ombudsman Service and thirdly changes to the boundaries of regulation.

Ingledew leaves BBB

Berkeley Berry Birch has announced that group chief executive Stephen Ingledew is to leave with immediate effect. Executive chairman Clifford Lockyer is to add the chief executive&#39s job to his responsibilities, with finance director Craig Butcher continuing as finance director. The announcement comes less than a week after it emerged BBB is winding up the […]


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