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Johnson set to quit PosSol early to join True Potential

Positive Solutions chief executive Neil Johnson is to step down in the next few weeks, with former Barclays Financial Planning managing director Jim Reeve tipped as the favourite to replace him.

Johnson said in April that he would remain at PosSol until the end of the year but this has now been brought forward to the beginning of the fourth quarter. He is set to join David Harrison at True Potential.

PosSol’s parent company Aegon is understood to be recruiting a successor, with Reeve reckoned to be the most likely candidate.

Reeve worked for Zurich group for 25 years before becoming Zifa managing director in July 2001. He then joined Barclays as managing director of financial planning in April 2004, leaving earlier this year.

His appointment would coincide with Keith Carby’s anticipated move from Foster Denovo to head Openwork.

Johnson says: “It was always the intention that I would move towards the end of the year. I will probably be settled in by the beginning of October but I am staying out of any discussions about appointing my own successor as I do not feel that would be appropriate. I am sure that Aegon will find someone that works well with them and how they want to take the business forward.”

Aegon Scottish Equitable and Reeve refuse to comment on the issue.

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