WS loses top finance PRO

Weber Shandwick Financial's MD Ian Bailey is to make a shock exit from the agency.

Colin Byrne, Weber Shandwick’s EMEA CEO, said the fin­ancial downturn had meant Bailey’s US role was now red­undant. It is understood that Bailey will remain at the age­ncy for a number of weeks.

In July 2008, Bailey reloca­ted to New York to concentrate on the agency’s international financial comms capabilities. It had been envisaged that Bailey would spend a week every month back in the UK.

Bailey rejoined Weber Shandwick’s financial arm in 2005. Before that he was an MD of FD’s US operations.

At Weber Shandwick, dep­uty MD Steve McCool will ass­ume full leadership of the agency’s UK financial practice, which he has been running on a day-to-day basis.

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