Investor relations specialist Frew MacMaster has been wound up
after the departure of its founder and directors.
Although Anita Frew remains a non-executive director of parent company
Abbott Mead Vickers (AMV), she left Frew Macmaster last month to return
to university. Following her departure its directors went their separate
ways. Hilary Nabarro moved to Royal and Sun Alliance, Amanda Peachy is
now working for Tesco, Susan Sissons moved to construction company
Taylor Woodrow and chairman Peter Quinnen has retired.
The company was set up by Frew and Kirsty Macmaster in 1990. The
founders were both trained as fund managers and built their business
into one of the most successful IR agencies, alongside Makinson Cowell
and Thomson Financial.
At its height the group had a turnover of pounds 2 million and its
clients included Guinness, Sears, Severn Trent, Midland Electricity and
GKN. Advertising group AMV held a 30 per cent share of Frew Macmaster
from its inception, and has gradually bought out the whole company.
Macmaster left the agency in 1997 to go to the Mirror Group, and has now
set up her own agency, Macmaster and Company. AMV itself was bought by
Omnicom earlier this year.
Frew began work as a fund manager at Scottish Provident and was
persuaded by Martin Sorrel to become director of corporate development
at WPP, before setting up the agency.