OpenMoney sale prompts redundancies and 'significant' restructure – FT Adviser

OpenMoney will enter a period of “significant” restructuring following its majority sale to entrepreneurs Will Mallard and Patrick Leahy last week. OpenMoney founders Duncan Cameron and Anthony Morrow sold the business but retained minority holdings, with Leahy becoming acting chief executive. The restructuring proposals which are yet to be approved by the regulator include plans to…