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Lamensdorf founder Williams leaving firm

Lamensdorf co-founder and operations director Lorraine Williams is leaving the business a year after its acquisition of Maddison Monetary Management.

Williams&#39 departure was agreed at the time of the deal with MMM, which saw Lam-ensdorf double RIs to around 50. Lamensdorf Group has undergone rapid expansion in the past year, with the acquisition of Flexible Mortgages and Essential Mortgages as well as a Tokyo-based financial planning firm.

The group now has around 250 advisers, which is a key part of its strategy for a planned Aim float in the summer.

Williams is understood to be retiring from the industry after 25 years with Lamensdorf.

Chairman and chief executive Ken Newell says: “We are sad to lose Lorraine but it was always anticipated that 12 months after the formation of the group platform, Lorraine would retire.”

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