City of London Group FD to step down

City of London Group finance director Howard Goodbourn has decided to step down, the AIM-listed company confirmed on Friday.

In a statement, COLG said Goodbourn would be leaving on 18 March to pursue “full-time business interests.”

While he has been the FD for the past four years, Goodbourn’s role has not been full-time since 30 September.

He will not be directly replaced, the company said. Rather, his duties will be assumed by other COLG staff.

COLG's two investee businesses – Credit Asset Management Limited and Trade Finance Partners Limited – continue to have their own full-time finance directors.

At 1641 GMT, COLG’s share price was unchanged at 10p.