David Gay, co-founder of Cooper Gay Holdings, has stepped down as non-executive director of the company today.
Gay, who founded the broking group with Derek Cooper in 1965, has sold his remaining shares back to the company.
The Cooper Gay board said: “The purchase by the company of his shareholding continues the group's philosophy to hold ownership within the working executives.”
Approximately 70 executives around the world hold the company's entire capital.
