LONDON (Alliance News) - Investment company City of London Group PLC on Tuesday said Jason Granite has stepped down from his role as an executive director of the business with immediate effect.
Granite joined back in April, a move City of London Group announced as it said its then-chief executive, John Kent, would leave at the end of that month.
Granite is the executive chairman of Frenkel Topping Group PLC, the London-listed financial adviser and asset manager.
City of London shares were down 27% to 3.03 pence on Tuesday morning.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Frenkel Topping (FEN)