James Elton, the chief executive of property investment firm aAIM Group, resigned today amid rumours of staff redundancies.
The move came a week after aAIM’s British subsidiary, Active Asset Investment Managers Limited, went into administration. The subsidiary has been renamed JCCO, and UK accountancy firm Grant Thornton has been appointed as administrator.
Despite his resignation, James Elton will continue to assist Grant Thornton with the administration, a source told PEO.
Five redundancies have now been made at JCCO, although names have not been disclosed and the firm declined to comment.