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Lockyer quits financial services

Former Berkeley Berry Birch chief executive Cliff Lockyer has ended his 34-year career in financial services after stepping down as chairman of Synaptic.

He is replaced by Tory MP John Maples whose roles have included deputy party chairman and Shadow Foreign Secretary as well as having been chairman of Saatchi and Saatchi Government Communications for four years.

Lockyer says it is time for a break from the industry after a career that began in 1972 as a salesman for Refuge Assurance.

He founded adviser software firm Synaptic Systems in 1994 working with current Synaptic chief executive Selwyn Herring. He retains his 48 per cent stake in the company. He became BBB group chief executive in 2002 when the firm was formed through the reverse takeover of Berry Birch & Noble by the privately owned Berkeley Financial Services Group, led by Lockyer.

Lockyer says: “I have had a career in financial services spanning 34 years and I now feel it is time for a break.”

Maples says: “It is an exciting time for the company as we consolidate the current business and exploit new market opportunities.”

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