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PosSol director McCourt quits

Positive Solutions risk and compliance director James McCourt is leaving the firm.

McCourt has been with the firm since September 2010 and is leaving to take up a senior regulatory position with a product provider. He has held senior roles as head of regulatory compliance at Royal Bank of Scotland and as risk director at Kwik-Fit Financial Services.

A notice regarding McCourt’s departure was sent to PosSol partners on Friday by chief executive Peter Coleman.

Coleman says: “Although from a business perspective, I am disappointed that I will not have the opportunity to work with him for longer, James is taking up a very senior position with a product provider.”

PosSol says it wants to ensure there is a smooth transition to a new compliance director in the summer but has yet to appoint McCourt’s replacement.

PMI Independent Financial Advisers director John Stewart says: “It is curious timing for the compliance head to be leaving. Perhaps he felt the security of a product provider was too good an opportunity to turn down.”

Coleman took over as chief executive in February when Jim Reeve stepped down. Coleman joined PosSol in March 2011 and is a ex-Burns-Anderson director.

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