Lang and Pattisson resignation

Liontrust joint investment directors Jeremy Lang and William Pattisson have resigned from the boutiq...

Liontrust joint investment directors Jeremy Lang and William Pattisson have resigned from the boutique fund house. The managers will stay with the firm until 11 January next year to ensure an orderly handover of functions and responsibilities, Liontrust says. Analyst Cazenove says the move is "a remarkable development by any standards". A Cazenove broker note says: "Quite why these key managers should have announced their resignation while the company is still in talks with potential acquirers is not clear but can hardly be conducive to a successful outcome, in our view. "It is not ...