Author: Julian Marshall
The recent improvement in performance at Phillips & Drew will provoke mixed reactions in Tony Dye, according to those who know him best.
“It’s sort of ironic really,” says a former member of his team. “We often used to say that him leaving the firm would coincide with the change in the markets and sure enough that’s what has happened.”
Despite firm denials by his UBS bosses that Dye was eased out of his seat, the source says he is unlikely to have left his post willingly.
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