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PosSol finance director quits after Intrinsic deal

Lisa Lockey resigns as her role is merged with that of Intrinsic finance director Simon Brunt.

Positive Solutions finance director Lisa Lockey will leave the business at the end of this month following Intrinsic’s acquisition of the firm last year.

Lockey’s role will now be merged into that of Intrinsic finance director Simon Brunt. She joined Positive Solutions in September 2011 as head of finance and was promoted to finance director in October 2012.

Lockey is one of a raft of staff departures from Positive Solutions following the Intrinsic acquisition in June.

Positive Solutions mortgage and general insurance manager Andy Bell left the business in August while chief operating officer Richard Pearson left in October. Pearson was chief executive at Honister Capital until March 2012.

PosSol chief executive Peter Coleman also left the business last month as part of the integration with Intrinsic. Coleman was previously director at Burns Anderson and was brought into loss-making PosSol as commercial director in 2011. The firm moved into profit in 2012.

Intrinsic chief executive Richard Freeman says: “On behalf of the board and everyone in the Intrinsic Group, I would like to thank Lisa for her hard work and commitment, particularly during the integration of the two businesses. We wish her every success in the future.” 

Highclere Financial Services partner Alan Lakey says: “Whenever there is a takeover there is duplication so people have to leave. It is one of the perils of working for a big company.”

Aegon took a 7 per cent stake in Intrinsic following its acquisition of PosSol.

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