LM Financial marketing director Mark Howard has quit the firm just two months after its formation through the merger of IFA firms Lamensdorf and Maddison Monetary Management.
Howard, the former managing director of Maddison, was to spearhead the development of the LM brand both nationally and internationally in his new role after Maddison became a wholly-owned subsidiary of the employee benefits company.
It had been planned that he would lead LM Financial to becoming a top 10 IFA firm.
Howard is currently considering a number a number of new projects.
He says: “I am very proud to have worked with everyone at Maddison and the investors and staff at Lamensdorf. Unfortunately, the frustrations of the merger have led me to decide to look elsewhere.”
Lamensdorf chairman Ken Newell says: “On a personal basis and on behalf of Lamensdorf, we are sorry to have parted company. But Mark's strengths in building up Maddison did not translate as well as we had hoped in the corporate environment and we agreed to go our separate ways.”