Update: Senior pair exit Woodford IM - reports

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Mike Sheen
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A number of staff told they face redundancy
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A number of staff told they face redundancy

Woodford Investment Management has seen two senior departures in recent weeks including Saku Saha, fund manager, and William Deer, head of institutional sales, according to reports.

Last week, a number of staff at Woodford Investment Management were informed they could be made redundant as the embattled firm enters its second month trying to save its £3.5bn flagship fund. The Financial Times reported Saha, considered to be Neil Woodford's 'right-hand man' has left the firm after working with the manager for over a decade. Following a career in the military, Saha joiined Invesco in 2009 as trainee fund manager and followed Woodford when he left to launch his own asset management firm in 2014. Meanwhile, Deer also worked with Neil Woodford at Invesco having join...

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