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Money Portal CFO Nigel Ward resigns

Money Portal group chief financial officer Nigel Ward has resigned from the firm only six months after joining.

Ward is leaving the financial services industry to take up a role at an office solutions firm.

The news comes two months after co-founder and executive vice chairman Richard Craven and managing director Chris Edge announced they were leaving the group.

Former JP Morgan FundsHub deputy CEO Bryan Levine will take over as chief financial officer from next week.

Ward was previously finance director at John Charcol before taking the role at Money Portal in September.

Money Portal head of strategy and distribution Alan Easter says: “We are really sorry to see Nigel go. He fitted in well and we were really pleased with his work but when somebody is good they get offered opportunities and he goes with our blessing. Bryan has worked with our chief executive and our chairman at JP Morgan in the past and Nigel has spent the last four weeks handing over the reigns.”

Easter adds that the recent departures have nothing to do with current business.

He says: “Anyone who tells you that the current market is easy is spinning their own web, it is not easy for anyone but at the moment we are cash profitable every month and the changes we have made are beginning to take effect. At the moment everybody is just rolling their sleeves up and working that little bit harder.”

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