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Davidson opts for smaller firm

An IFA for 27 years and a regular contributor to the press, Davidson was a partner in Holden Meehan when it was taken over by Bradford & Bingley to become Charcol Holden Meehan in 2003.

When the company was bought again by JS&P in October 2004, Davidson is thought to have told the directors she had not enjoyed the change of culture during the first buyout and that she would prefer to work in a smaller firm with more day-to-day control and freedom. She was unavailable for comment.

JS&P research and investment manager Patrick Connolly says: “We fully understand why Amanda is leaving and we are sad to see her go because she is a very good adviser as well as being well known in the industry. I believe she has something else lined up at a smaller firm.”


Consumer goods

I do not know what was behind Nic Cicutti’s intemperate article on the Financial Services Consumer Panel in general and on me in particular (Money Marketing, July 28), especially as its level of inaccuracy was more Private Eye than Money Marketing.

AWD revamp as top two quit

AWD Group is undergoing a management restructure following the resignation of chief executive Douglas Gardner and managing director Chris Isard. Both have resigned with effect from Friday, with Simon Waugh taking over as chief executive from September 1. Waugh has worked at director level for a number of financial services firms, including Centrica, American Express […]

Incoming Amvescap chief gets 28m deal

Amvescap is giving new chief executive Marty Flanagan a pay deal worth 28m after recruiting him from Franklin Resources. His 450,000 salary is supplemented by a 2.6m performance-related bonus and 25m in shares. The firm, which owns Invesco Perpetual, is rumoured to be the continued target of a takeover by Canadian fund manager CI Financial.


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