Diary: Sole partner finds birth of a financial agency to be a painful labour

Financial agency Penrose PR, which opened its doors officially this week, was straight into the fray for client Aberdeen Asset Management.

Financial agency Penrose PR, which opened its doors officially this

week, was straight into the fray for client Aberdeen Asset

Management.



Louise Hatch, the only partner in the agency able to operate before this

week while her colleagues were all working out six month notice periods,

represents Aberdeen which she brought as a client from Ludgate.



Last week Aberdeen tabled a controversial bid for Scottish National

Trust, a pounds 600 million investment trust run by Gartmore which is

due to be wound up in September. And guess who represents Gartmore?

That’s right, Ludgate Communications.



Aberdeen’s move, which is thought to have been an attempt to pre-empt an

announcement from Scottish that it would attempt to relaunch the fund,

drew a stinging response.



While it is only coincidence that one of the first major projects

undertaken by Hatch should be a ’gloves-off’ affair against Ludgate’s

client, it only seems fitting given that she was hauled through the law

courts by her old agency just a few weeks ago. Ludgate had tried to stop

Hatch working outside the agency for six months.



Meanwhile, the six staff of Penrose are about to change offices

already.



The firm moved into smart temporary offices on London Wall but just days

into the move the letting agents found a permanent tenant. This has left

Penrose with a last minute task of renovating new offices in Gresham

Street.



Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in

Would you like to post a comment?

Please Sign in or register.