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Gaskin quits Misys Group in secret pact

Countrywide chairman Jim Gaskin has resigned from the Misys Group.

Gaskin handed in his notice at the beginning of May andis working out a

notice period of six months.

Last year, Countrywide became part of the Misysstable, which now has five

IFA networks and a total of around 5,000 registered individuals.

Gaskin, a director of Fimbra until 1994, gained a reputation for being

tough but fair during his time at the forerunner to the PIA.

When the PIA was established, Gaskin was one of Fimbra&#39s highest-profile

departures. He joined Countrywide Independent Advi- sers, which was seen as

a coup for the industry.

Countrywide members contacted by Money Marketing have been rocked by the

news of his resignation and expressed extreme concern.

It is understood that Gaskin has come to an agreement with Misys in which

he will not make news of his resignation public.

In a letter acquired by Money Marketing, Gaskin says: “I resigned from the

Misys Group and am now working my notice.

“I am required by Misys to tell you that I have been forbidden to make

this matter public as they are concerned that to do so might damagethe


Gaskin, when asked to confirm his resignation and explain his letter,

said: “No comment.”

Countrywide member Curwins Independent Fin-ancial Services partner David

Curtis says: “I am gravely concerned at his departure. He will be a very

hard act to follow.”

Another Countrywide member says: “It is a sad loss. Itraises some serious

concerns about the future running ofthe business.”

Misys was unavailablefor comment.


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