5 July 2010 14:00

The former chief of Colonial Margin Lending, who departed last year amid the controversy surrounding the division’s involvement with the failed Storm Financial dealer group, has resurfaced running retail distribution for Wellington International Management.

John Clothier, described by some in the industry as the “fall guy” for Commonwealth Bank’s problems over Storm Financial, started with Wellington last month.

The manager, which offers growth, value and thematic products in Australia, is led regionally from Hong Kong by Australian-born William Clark.

Wellington’s institutional business in Australia is led by Whitney Drayton.

Colonial Margin Lending, Storm Financial, Wellington International Management, John Clothier, fall guy for Commonwealth Bank's problems over Storm Financial, Australian-born William Clark, Whitney Drayton

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