Mint Financial Services CEO, Paul Gaines, is to leave the firm next year.
Gaines will be on gardening leave until his contract expires in February 2011, and will not be returning as chief executive.
The board of Mint felt it could not continue to work with Gaines, and decided he should not return to the firm, Chairman George Higginson told the network's advisers. Higginson will become executive chairman.
Gaines founded Mint in 2002, and held the role of chief executive since then. The firm was acquired by Intrinsic in early 2008.
Caring for children and elderly relatives
Similar to June 2007
Square Mile’s series of informal interviews
Fine reduced to £60,000
Two roles created