Management walkout is no big deal, assures Giles CEO
Chris Giles, chief executive of Giles, has played down the departure of the founding directors of He...
Chris Giles, chief executive of Giles, has played down the departure of the founding directors of Henley Risk Management - a company acquired last year - and has promised to take a robust stance on the enforcement of its restrictive covenants.
The Ipswich-based broker was purchased in August last year but Insurance Age has learned that four of the directors recently walked out.
"We made 22 acquisitions in 15 months and we got one wrong. It is a £1m revenue business and we had to change it from a
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