Honister Capital chief executive steps down

Richard Pearson
Richard Pearson

Pearson will step down at the end of March to pursue other opportunities in the financial services industry.

He joined The Money Portal in 2004 and was appointed chief operating officer when TMP became Honister Capital in July 2009. Pearson was appointed chief executive in April last year when Mark Lund left the firm.

Colman Moher, current group chief financial officer, will replace Pearson from April 1.

Honister has also appointed Martin Scott, former manager of intelligent office applications, as chief information officer and Martin Hargreaves, former group financial controller, as finance director designate. Both will take up their new roles immediately.

Last November, Money Marketing, Fundweb’s sister publication, reported that Paradigm Partners was looking to acquire Honister’s advice arms.

Honister says it is not in any discussions to sell the business.

Mark Tennant, chairman of Honister, says: “We would like to thank Richard for the part he has played in his seven years with the business. During the last year, the executive management team has worked hard to improve the profitability of the group and improve our service. We are not in discussions about a change of ownership for the business.”