Montpelier reported to reopen in KL

The Montpelier Malaysia advisory firm that was reported to have closed on Friday, “pending an audit of business operations” according to a memo allegedly given out on Friday by a company director, reopened today.

A source close to the company said the closure on Friday had to do with a dispute involving someone in the firm.

It was not immediately known whether the two employees who had reportedly been suspended, pending the audit, had been reinstated. No one from the company was available to comment on Monday, and emailed messages to the company weren’t responded to.

The two suspended employees were said to be Stuart Williamson, Montpelier chief executive, and Diane Docherty, according to an anonymous tip-off received by International Investment on Friday.

Montpelier was incorporated in Malaysia in 1993, and currently has offices as well in Thailand and Labuan, according to its website. Among its specialist areas is providing wealth management advice to teachers, and its website boasts of its affiliation with such organisations as the Council of British International Schools, the Federation of British Schools in Asia and the East Asia Regional Council of Schools.

ABOUT THE AUTHOR
Helen Burggraf
Helen Burggraf is the editor of International Investment. A US-trained journalist, she has worked in Rome, New York City and London, covering everything from the fashion and retailing industries to the global drinking water and water-treatment sector, private equity, and most recently, the international cross-border financial services/advice industry.

Read more from Helen Burggraf

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