Chris Addenbrooke, CEO of Link Fund Solutions, has taken the decision to retire, ahead of the conclusion of an investigation by the Financial Conduct Authority into the failed Woodford Equity Income fund.
The company announced on Companies House on Friday (11 February) that Addenbrooke had stepped down on 2 February. Addenbrooke was appointed CEO of Capita in 2007, then became CEO of Link Fund Solutions in 2017 following Capita's £888m acquisition by Link. During his time at Capita, Addenbrooke oversaw two other scandals, with the company having to pay £32m and £66m to investors in 2012 and 2017 respectively over breaking liquidity rules and mis-selling high-risk schemes. However, both were eclipsed by the Woodford Equity Income fund scandal, which collapsed in 2019, leaving million...
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