A probe by the UK’s FSA watchdog into insurance entrepreneur Clive Cowdery is examining whether there was full disclosure of the financial position of Cowdery’s original Resolution investment vehicle when he sold £125m shares in it in December 2007. The probe is focusing on actions by Cowdery and other former executive directors of Resolution between October 2007 and May 2008 when Resolution was sold to Cowdery’s arch rival Hugh Osmond’s Pearl group for almost £5bn. Cowdery subsequently set up a new Resolution vehicle.

This entry was posted by Gwen Robinson on Friday, March 13th, 2009 at 4:57 and is filed under Capital markets, People. Tagged with Clive Cowdery, Pearl, resolution. Edit this entry.