Heard turns to property

William Heard, former Simmons & Simmons partner and now group legal counsel for Syrian-born businessman Wafic Said, has moved into property development with his controversial boss.

With Said he has formed a new company, Palamoun, which has bought 7.5 per cent of small property investment company Merivale Moore. Heard will become a non-executive board member in Merivale alongside the existing chairman, Grenville Dean, some of whose shares he has bought.

Heard left Simmons in 1987 to advise Said full time.