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PosSol compliance chief joins Royal London

Positive Solutions risk and compliance director James McCourt is joining Royal London as head of regulatory compliance and risk.

In April, Money Marketing revealed McCourt had quit PosSol to take up a senior regulatory role with a product provider.

McCourt is expected to take up the role in the third quarter.

A Royal London spokesman says: “We can confirm that James McCourt will be joining Royal London as head of regulatory compliance and risk, subject to FSA approval.”

McCourt has previously held senior positions at Royal Bank of Scotland where he was head of regulatory compliance and Kwik-Fit Financial Services where he was risk director.

PosSol has yet to appoint a replacement.

Chief executive Jim Reeve stepped down from the firm in February and was replaced by commercial director Peter Coleman.

Syndaxi Chartered Financial Planners managing director Rob Reid says: “I was always impressed with James when I worked with him at PosSol and it comes as no surprise that he has been poached.”

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