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Charcol general manager Okey believed to be resigning

Charcol general manager Ricky Okey is believed to be resigning from the company by December 1st.

Money Marketing believes he is considering a range of options, one of which includes a possible move to Thinc.

Money Marketing Online reported yesterday that Bradford & Bingley is close to agreeing a management buy-out of Charcol with venture capital backing.

Bradford & Bingley head of PR Siobhan Hotten says: “As far as I know, we have received no resignation. Ricky is still an employee of the organisation and nothing is in the offing.”

Charcol was unable to comment on Okey’s position.


Redemptions force F&C prime sale

F&C’s multi-manager team has been forced to sell a stake in its own UK prime fund following the departure of star manager Mike Felton who moved to M&G this week.

Ventus plans for wind of change

Brewin Dolphin Securities is sponsoring the Ventus VCT, a specialist venture capital trust that invests in companies developing, constructing and operating small UK wind energy projects.


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