Financial advisory firm loses its CEO

Tuesday 8th June 2010

Financial advisory firm MMG, previously known as Money Managers, says that its current chief executive Derek Young is stepping down,

Derek Young has announced that he intends to step down from his role as chief executive of MMG Advisory Partners later this year.

MMG is the advisory business which was formed out of Money Managers in 2008. Since the firm changed ownership it has established a new advice process and developed a planning technology and platform to support that advice process.

“With this initial transformation largely complete, Derek wishes to pursue personal and other business interests,” MMG spokesman Bernard Duncan says.

“The board has already canvassed a range of options for the future leadership of the business. These will be further developed over the next few weeks.” Young will stay on in an advisory capacity to the board.

“The business continues as usual where our focus is to single-mindedly look after the needs of our clients,” Duncan says.

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