Troubled insurance outsourcer Quindell saw another of its entourage jump ship yesterday when Andy Bryant, technology analyst at its sole remaining broker Cenkos Securities, resigned.
The departure follows on from that of Quindell chairman Rob Terry yesterday and the resignation of broker Canaccord Genuity last month.
A Cenkos spokesperson told City A.M. that Bryant’s departure had “nothing to do with Quindell” and that the timing was purely “coincidental”.
Bryant would have seen his blood pressure rise a notch or two while covering the Quindell account.
The Hampshire-based company has lost more than £2bn in market value in a matter of months.
Bryant recently attempted to explain Terry’s now-infamous share transfer agreement.
Bryant said: “All three directors have therefore simply increased their shareholdings [and have not sold or ‘cashed-out’ any stock].” It subsequently emerged they had.