View more on these topics

Hogarth plans return to industry with new year venture

Former Bankhall joint chief executive Paul Hogarth is gearing up for a return to the industry.

Hogarth’s restrictive covenant ends this week and he is looking at launching a venture in the new year. This is likely to focus on wraps or providing exit strategies for retiring advisers – the two areas that interest him the most.

He says he is not interested in creating another Bankhall-style business to compete directly with his former employer.

Since Hogarth and fellow joint chief executive Simon Taylor quit Bankhall in August 2005, he has been working in a consultancy role for the firm. He says this reduced his restrictive covenant from the initial three years to 15 months.

Peter Mann replaced the pair as chief executive.

Hogarth says: “I will not be coming out with a carbon copy of a Bankhall or other such compliance support model. I do not really see the point as I have already done that. Whatever I was going to do, I was doing with one hand tied behind my back. Now I am ready for my next move but nothing will happen before the new year.”

Recommended

A third of firms see senior management buy-in as biggest TCF barrier

Senior management buy-in is the biggest barrier to firms implementing TCF, according to a third of delegates at the FSA’s recent conference.The 400 financial services practitioners at this week’s FSA TCF conference were polled on their views of the barriers to TCF and how their own firms were progressing with this initiative.33 per cent said […]

Accountant raises intangible issue

Thinc Group has defended the inclusion of 13m trail commission as an asset in its last set of accounts. The accounts for the year ended March 31, 2005 list trail commission to the value of 12,917,745 based on a multiplier of 7.5 times, which the directors say is industry-standard in the company accounts, approved by […]

Pru axes jobs as broker sales team is restructured

Prudential is restructuring its broker sales team. It says 60 positions will be axed while 30 different roles will be created in a move that will see the total numbers in its intermediary sales team cut from 430 to 400. Pru’s sales teams will be aligned geographically into North, South, London and Midlands regions. The […]

Bumpy approach

What sort of ride can bond and equity investors expect as Federal Reserve chairman Ben Bernanke tries to bring the US economy down to a soft landing? By Matt Goodburn

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment