Legal

Ex-Close Wealth Management Executive Faces False Qualification Charges

Tom Burroughes Deputy Editor London 14 April 2008

Ex-Close Wealth Management Executive Faces False Qualification Charges

A former senior manager of Close Wealth Management Group in The Channel Islands and the investment house Kensington Asset Management has appeared in court accused of making false claims about her qualifications. Pippa Harbour last week appeared before magistrates in Guernsey. She faces two counts of dishonestly obtaining a pecuniary advantage by purporting to hold two degrees, according to the Guernsey Press newspaper. She will be committed to Guernsey’s Royal Court on 18 May, the newspaper said. A spokeswoman for the Royal Court in Guernsey told WealthBriefing that no pleas had been entered in the matter. Ms Harbour was managing director of Close Wealth Management Group, part of UK-based Close Brothers, a banking and wealth management company. She ran the Guernsey and Jersey offices. "She no longer works there," a spokesman for Close Brothers told WealthBriefing. He was unable to give further details about when or how she left the company. She has also worked as head of corporate services for Kensington Asset Management, according to the International Custody and Fund Administration publication. Kensington did not immediately return WealthBriefing’s calls to give further details. Ms Harbour has also been a member of the Guernsey Investment Fund Association. Ms Harbour received bail on condition that she does not leave the island and surrenders her passport and driving licence.

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