H&K former MD to launch rival agency

Former Hill & Knowlton City MD Anthony Payne is preparing to launch a rival PR agency next year after the WPP-owned network cut both his role and his practice.

Payne confirmed he was planning to launch a financial and corporate agency next May following his redundancy from H&K.

H&K has shut down its five-strong financial division just three years after it launched, making Payne and two of his colleagues redundant.

The remaining two City PROs have since been integrated into H&K's financial services and professional team, under the leadership of practice head Stuart Wilson.

H&K deputy chairman Andy Laurence denied the redundancies came as a result of WPP's decision to concentrate on sister City PR brand Finsbury, led by co-founders Roland Rudd and Rupert Younger.

'We have had rough trading conditions, particularly in the cross border financial business,' he said.

Payne said he is launching a consultancy with three undisclosed financial PROs, but remained tight-lipped as to the name of the agency and his partners.

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Latest Articles

John Lewis to tell brand story with "tasteful" 150th anniversary celebrations

John Lewis to tell brand story with "tasteful" 150th anniversary celebrations

Department store John Lewis is to use its 150th anniversary this year to talk about its history, which "not enough people know about", according to director of communications Peter Cross.

Labour hires Obama election strategist David Axelrod to fight General Election

Labour hires Obama election strategist David Axelrod to fight General Election

The man who helped Barack Obama win the 2008 and 2012 US presidential elections is to work for Labour along with members of his team.

Sky adds Fever PR to its roster after splitting with Cake

Sky adds Fever PR to its roster after splitting with Cake

Pay-TV giant Sky has added Fever PR to its agency line-up for a wide-ranging brief covering products and services.

Max Clifford trial jury to continue deliberations after Easter break

Max Clifford trial jury to continue deliberations after Easter break

The jury in the trial of celebrity publicist Max Clifford has been sent home for Easter and will reconvene on Tuesday for further deliberations about its verdicts on 11 charges of indecent assault.

Home Office brings in Munro & Forster to campaign against FGM

Home Office brings in Munro & Forster to campaign against FGM

The Home Office has tasked Munro & Forster (M&F) with supporting its campaign to eradicate female genital mutilation (FGM) as part of a wider retained brief.