Partner Article

Rock parts company with Jones

NORTHERN Rock (Asset Management) has confirmed that David Jones, chief financial officer, has left the company with immediate effect.

The company said this would enable Mr Jones to focus on an ongoing FSA investigation into matters relating to a period before the Company entered public ownership.

It also stressed that it is not subject to any sanction from the FSA as a result of this investigation.

The Company confirmed that Hugh Graham, head of the Company’s treasury operation, had been appointed as its interim Chief Financial Officer, subject to FSA approval.

The announcement follows news that two former bosses at Northern Rock - David Baker and Richard Barclay - were banned from working in the City last week and fined a total of £644,000.

This was posted in Bdaily's Members' News section by Ruth Mitchell .