The departure of Waystone Group’s chief executive, chief financial officer and chief operating officer has cast doubts over the future of the firm’s acquisition of Neil Woodford’s former authorised corporate director Link Fund Solutions.
On 20 February, LFS parent company Link Group confirmed it had begun exclusive talks with Dublin-based fund manager Waystone to sell the business, with the exclusivity period ending on Friday (31 March). However, the sudden exit of Waystone's CEO Derek Delaney, COO Paul Cahill and CFO Glen Magee has raised questions about the LFS deal, although the firm said the departures are "in no way linked to anything of a financial or regulatory nature". In a stock exchange announcement this morning (30 March), Link Group said the deadline to reach an agreement would be extended to April, rathe...
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