Technology.(industry briefs)(Brief Article)

Pensions & Investments, September, 2001

InvestorForce closes U.K. office, plans to concentrate on U.S. WAYNE, Pa. - InvestorForce shut down its European sales and marketing operations in order to concentrate resources on its U.S. business, said Jim Morrissey, president and chief executive officer. Peter Flynn, general manager-Europe, and Joan Docherty, sales and client services director, were laid off.

InvestorForce launched its European manager database late last year and opened a London-based marketing operation in July 2000. The firm is assisting European clients with four searches, but they will not be affected by the closure, Mr. Flynn said. ``We are working with European plan sponsors, but we can do that from the U.S.,'' said Mr. Morrissey. He said the firm's balance sheet is ``strong,''...

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