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Honister Capital chief exec steps down

Honister Capital chief executive Richard Pearson is leaving the firm after less than a year in the role.

Pearson (pictured) will step down at the end of March to pursue other opportunities in the financial services industry.

He joined The Money Portal in 2004 and was appointed chief operating officer when TMP became Honister Capital in July 2009. Pearson was appointed chief executive in April last year when Mark Lund left the firm.

Current group chief financial officer Colman Moher will replace Pearson from April 1.

Honister has also appointed former manager of intelligent office applications Martin Scott as chief information officer and former group financial controller Martin Hargreaves as finance director designate. Both will take up their new roles immediately.

Last November, Money Marketing reported that Paradigm Partners was looking to acquire Honister’s advice arms.

Honister says it is not in any discussions to sell the business.

Honister chairman Mark Tennant says: “We would like to thank Richard for the part he has played in his seven years with the business. During the last year, the executive management team has worked hard to improve the profitability of the group and imp-rove our service. We are not in discussions about a change of ownership for the business.”

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Comments

There are 4 comments at the moment, we would love to hear your opinion too.

  1. Richard Pearson
    Mark Lund
    Alan Easter

    What to they know about Honister that the advisers don’t?

  2. This sounds like the rats leaving a sinking ship. As a Honister Capital adviser this is extremely worrying.

  3. It is called “The Mushroom Club” Motto: Keep them in the dark and feed them on horse manure (or rude word of similar meaning)

    We were informed at 0815 this morning

  4. If Honister Capital goes into adminsitration or liquidation then what happens to the commission owed to the advisers within the Group? I am beginning to think that I should have got out when Honister “took over” from Money Portal.

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