Avelo's business development director Paul Yates has stepped down after four years in the role following the firm's acquisition by technology provider Iress.
The Financial Conduct Authority (FCA) has today approved the £210m deal, announced in August, leading to Australian firm Iress taking full ownership of Avelo. Former Avelo chief executive Simon Badley said Yates (pictured) has decided to step down following the completion of the deal. Badley said: "I'd like to take this opportunity to thank Paul Yates for his contribution to the Avelo business to date, who has decided this point to be an appropriate time to exit the business and I wish him well in his future endeavours." Iress chief executive Andrew Walsh will oversee the integrati...
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