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JPMAM’s Thompson to replace Garrood as Henderson CFO

Henderson Group has named JP Morgan Asset Management global chief operating officer Roger Thompson as its new chief financial officer after Shirley Garrood announced her retirement.

Thompson will take over the role on 1 July when Garrood stands down as CFO and director after 12 years with the asset manager. She plans to leave the group in March 2014.

Henderson chairman Rupert Pennant-Rea says: “Shirley has had an extensive career with the group, the majority of it as chief operating officer and latterly as chief finance officer.

“It was especially in her capacity as CFO that she demonstrated her years of City experience by successfully managing most of the support functions in the group including finance, tax, IT and operations, human resources, legal, IR and strategy and company secretariat. Shirley has made an outstanding contribution to the business and we wish her well.

“In his 19-year career at JP Morgan, Roger has held a broad range of roles and has worked internationally, spending time in Tokyo, Singapore and Hong Kong. His wide-ranging asset management experience, both in the UK and internationally, will be a great asset to the group.”

Bestinvest managing director for business development and communications Jason Hollands says: “Shirley Garrood’s tenure at Henderson has been an eventful one for a chief financial officer with the integrations of New Star in 2009 and Gartmore in 2011, the shifting of the group’s tax residency back to the UK from Ireland and its recent cost reduction programme.”


CMC says lenders are responsible for mortgage misselling, not brokers

A claims management company was warned other claims firms not to chase mortgage brokers over misselling cases, saying ultimate responsibility for signing off a loan lies with the lender. Lask week, Money Marketing’s sister title Mortgage Strategy revealed claims firm Money Boomerang is running a TV campaign targeting brokers who have allegedly missold a mortgage. The […]


FOS rules against adviser in film scheme claim

The Financial Ombudsman Service has upheld a claim on behalf of five investors over the suitability of advice related to a film tax avoidance scheme. The Financial Times reports the Financial Ombudsman Service ruled the advice given by IFA firm 20Twenty Independent to invest in Crossover Film Partnerships was “unsuitable”. The FOS can only award […]

PPI redress bill hits £9.3bn

The total redress bill so far for missold payment protection insurance has hit £9.3bn, figures from the Financial Conduct Authority reveal. FCA figures published today show firms paid out £409m in February to compensate customers who were missold PPI, following a payout of £439.3m in January. The level of redress is drawn from 24 firms […]


FSCS investment adviser levy set at £78m

The Financial Services Compensation Scheme has set the final levy for investment advisers for 2013/14 at £78m, up from the earlier estimate of £76m. The increase in the investment adviser annual levy comes despite the overall FSCS levy falling 8 per cent from an indicative levy of £311m to a final levy of £285m. Investment […]

Tax avoidance (the fight goes on)

In recent times, we have witnessed high-profile celebrities and sports stars make the headlines for potential tax liabilities on ‘failed’ tax avoidance schemes. We are now used to reading about these individuals, but what about those who advise on such schemes? Read more


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