Nigel Thomas and George Luckraft are to begin work at Framlington in early September. Their previo...
Nigel Thomas and George Luckraft are to begin work at Framlington in early September.
Their previous employer ABN Amro and Framlington have issued a joint statement saying that the legal dispute between the groups over the departure of the UK fund managers has been resolved.
Under the deal, the full details of which have yet to emerge, Luckcraft and Thomas must remain on gardening leave until 9 September. The statement also added that neither party will now comment further on the matter.
The legal dispute erupted in late May, just weeks after Luckcraft and Thomas announced they were to leave ABN Amro.
They had been expected to see out their 12-month contract at ABN, but suddenly left claiming an irrevocable breakdown in their working relationship with the fund management group.
ABN then issued an injunction stopping the fund management duo from beginning work at Framlington.
The injunction was subsequently withdrawn, but ABN and Framlington agreed that Luckraft and Thomas would not begin work until the pair's claim was decided.
Annuity market worth £4bn in 2017
For ‘distress’ caused
Oversees £30bn of advised and D2C assets
Less than a third of top paid employees are women
£1bn business since inception