Smart departs again in Friends merger

Friends Provident FD Jim Smart is to leave the group after its merger with
Resolution, the zombie fund specialist.

The move is an another unlucky blow to Smart, who lhad to leave Boots after
its merger with Alliance
Unichem was
announced in 2005

Earlier this week, Friends and Resolution issued a statement outlining the
details of an agreement which will see the two companies join up
to create Friends Financial.

In the statement Resolution’s finance boss Jim Newman was earmarked as the
group FD of Friends Financial. 

The move is awaiting the approval of Friends and Resolution
shareholders before it can proceed.

Further Reading

smart move for Boots CFO

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