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Henderson duo leave in reshuffle

Henderson head of UK wholesale Phil Jefferson and his European and Asian counterpart Mike Clare are leaving the firm following a group restructure.

Henderson says Clare is ret-iring while Jefferson, who joined two years ago to help develop the UK retail business, is leaving to pursue other opportunities.

Henderson has created what it calls a listed assets’ business, which will be jointly managed by head of equities Andrew Formica and head of fixed income David Jacob. All distribution functions, including marketing and product support, will be placed in this division.

Jefferson’s role will fall under the remit of Kate O’Neill, who moves from running the group’s 6bn offshore business to become head of pan-European wholesale distribution and hedge funds.

Managing director Roger Yates says: “The new structure has been designed to capitalise on the significant developments seen in our product range over the last two years.”

Head of investment sales Simon Clark declined to comment on whether he is staying with the group.

Chelsea Financial Services managing director Darius McDermott says: “The period of recovery that Henderson has appeared to enjoy has coincided with Jefferson’s arrival so I find it a very strange decision.”

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