Report this comment to a moderator

Optima reprimanded by the SRA over Capita investment

What gets me is that all of this now seems so blatant. Adrian Lamb – ex CEO of Optima is now touting himself on Linkedin.com as having been the CEO/FD of Capita Group Plc for the past SEVEN YEARS (2003-2010). His profile does not now contain one single mention of the word “Optima” yet, just two months ago, before this broke, the complete opposite was true. His profile said he was CEO of Optima Legal Services with no mention of the word “Capita”! You can still see remnants of the old cached profile heading by doing an advanced Google Search on the phrase “Adrian Lamb” and include the word “Optima”. I see that no action is to be taken against Capita as they do not fall under the jurisdiction of the SRA or FSA however, is not Mr Lambs profile a smoking gun? He says that he was CEO/FD of their “Legal Services Division” however, according to Capita’s annual report, they have five divisions but no Legal Services Division. Have they, a public company been hiding a whole division from their investors? Also, do they now need to publish the details of the loan repayment details with Optima? For what it's worth, my recollection is that when our employment transferred in May 2006 from DLA Direct Llp – (owned entirely by DLA Piper) to Optima, we came under the umbrella of Capita Insurance Services and that Optima were accountable to a chap called Max Pell. It’s interesting that Lamb claims he “built the business” from “also ran player”……. I wonder how DLA Piper will feel about him describing the business and clients bequeathed to Optima in return for Capita’s first tranche of money as “also ran” status. Also, this bit about him having served Capita Group Plc as CEO/FD for SEVEN years is puzzling. I remember that for a couple of years before Optima came into being, Mr Lamb was the boss of the accounts function at DLA Piper’s Bradford Office (which later became DLA Direct Llp and, then, Optima).

10-Aug-2010

9:32 am