Advance Asset Management has lost its new head of distribution Craig Mowll.

Mowll confirmed yesterday that he had resigned from Advance and St George and would begin a new position on Monday 26 June but could not say with which organisation. However, industry sources confirmed he would be joining Credit Suisse Asset Management (CSAM) as head of retail replacing Brian Thomas who left CSAM last month. Mowll was promoted to head of distribution at Advance last October but still retained his responsibilities as head of distribution for St George Margin Lending. He replaced Tom Kneen at Advance. “;It’s a reasonably similar role, encompassing a number of things,”; Mowll said. Mowll joined St George in 2001.