Lord Penrose, the judge undertaking the inquiry, said he would not be looking at Equitable’s 15 former directors and auditors, because they were being sued by the company’s new board.
One former director told the FT that Lord Penrose’s hand were ‘tied’ because of the ongoing litigation.
The Equitable Members’ Action Group reacted angrily to the news, despite promises from Ann Abrahams, the parliamentary ombudsman that she would consider reopeneing her investigation if Lord Penrose produced new information.
The Penrose enquiry is due to report in the next few weeks.
Andrew Howson joins the firm from EY, bringing experience in advising private equity and corporate clients across multiple sectors in the UK and Europe
Dennis Layton takes up the position on April 1 and will contribute to the firm’s goal of becoming the leading global professional services organisation by 2020
Richard Cartwright becomes the new head, taking over from incumbent head of office David Lemon
Brian Burke, business development director, has moved within the firm to 'develop Quantuma’s networks with Sussex professional firms'