CFI restructure threatens jobs

New York: Workers at Citigate Financial Intelligence, the Incepta-owned shareholder analysis and investor relations firm, are bracing themselves for a restructuring that could see redundancies across the group and the scrapping of the CFI name.

CFI worldwide MD Chris Taylor insisted that CFI would remain a separate entity within the Incepta group but refused to rule out job cuts and the end of the CFI brand.

He also declined to comment on whether the firm had made CFI’s London MD Nick Arbuthnott redundant.

But Taylor said none of CFI’s overseas offices in London, Tokyo and Cape Town would be closed.

Taylor denied that the moves were CFI’s response to competitive pressure from banks and brokers, which have begun offering IR consultancy and shareholder analysis services.

‘We have some overlap with other Citigate busi-nesses and we are trying to make the Incepta network as efficient as possible,’ Taylor told PRWeek.

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