The Times reports that James Middleweek, the analyst who came to prominence earlier this year after making allegations against his former employer, stockbroker Collins Stewart, is to relocate to Australia. But not, it seems, before he has met with UK regulator The Financial Services Authority (FSA).
Middleweek alleges in his £3m wrongful dismissal claim against Collins Stewart that the firm was guilty of insider dealing and share ramping, claims Collins Stewart vigorously deny. The former analyst is said to believe that his action against the firm has effectively ended his career in the City.
So, it seems that Middleweek and his family are off for a new start in Australia. He will, however, return to the UK to pursue his unfair dismissal claim when required and is also due to meet with the FSA before he goes to discuss the allegations he has made against Collins Stewart. Middleweek is quoted as saying: 'I may be going away but my case is not. There is no way I'm not going to see it through'.
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