Holmes displaces Vallings as chief of TCG financial

The Communication Group has named Michael Holmes as head of its

financial PR division.

He takes the role of divisional CEO, which has been created in a bid to

strengthen the division's work.

Holmes, a former managing director of Good Relations' financial services

arm, joins after running his own agency, Michael Holmes Marketing


He takes over as division head from financial managing director Sam

Vallings, who retains that title but now reports to Holmes.

Vallings was appointed MD last year, replacing Henry Faure-Walker, who

left to study for an MBA in France.

Peter Hamilton, TCG group managing director, said: 'It's fair to say

that with this appointment we are giving particular attention to our

financial work. We hope he (Holmes) will strengthen our work in the


'Sam is an expert on the financial calendar while Michael brings

experience of the financial services and marketing sectors,' he


Holmes heads a ten-strong division and is the only division chief to

have the title of CEO, but Hamilton said there are currently no plans to

create a CEO level in the other divisions.

High-profile clients of the division include property group Minerva, AXA

Insurance, Wembley and the Quoted Companies Alliance.

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