Merchant Securities CFO stands down

THE CHIEF FINANCIAL OFFICER of Merchant Securities is to stand down, the financial services group has announced.

John Foster-Powell will be stepping down from the Board from September 2011, to allow for a smooth handover, the company said. There has been no announcement regarding the appointment of a successor.

Patrick Claridge, chief executive of Merchant Securities, said: “On behalf of the Board, I would like to wish John well in his new ventures and to thank him for his commitment and dedication to the Group during his time here.”

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