FSA reaches agreement with key splits players

Keen - formerly with Morley Fund Management prior to his retirement on 20 November 2001 - and Kerr - a former employee of Legg Mason Investments (Europe) Ltd - have agreed not to re-apply for approval to perform a controlled function for one year from 22 December. David Thomas will not seek such re-approval at all. Thomas is retiring at the age of 71, the FSA says. The FSA for its part says it “has not made a finding of a regulatory breach against” any of the three named. The three have been identified by the FSA as part of the settlement with the industry following its “investiga...