Money Portal's Craven and Edge step down

The departures come as the group moves away from a growth strategy based on acquisitions, spear- headed by Craven and Edge, to bedding down the business. Craven stepped down as CEO of Money Portal in September 2008 to be replaced by St James's Place chief executive Mark Lund. TMP said the move would allow Craven, who became executive vice chairman, to shift his focus away from day to day activities and concentrate instead on "a number of important long term strategic initiatives". However, TMP described Craven as either "full-on or full-off" and the half way house of coming in one...