Cenkos return delayed

Broker Cenkos Securities has admitted that its returning boss has not had approval from regulators to take his role, more than six months after he applied.

the Mail revealed this month that Jim Durkin, a founding director of Cenkos and its chief executive until 2017, is still waiting for the green light from the financial Conduct Authority, which must be satisfied candidates taking important roles at institutions are ‘fit and proper’. Applications are usually concluded within three months.

But shareholders have raised fears that Durkin, at the helm when Cenkos was fined £530,500 over work for scandal- stricken insurer Quindell, is not the right man to lead the firm.