Never easy saying goodbye, but why does Bruce Wookey brokers seem to have more trouble than most? Take the small matter of Bell Potter Securities v Equity 8 Pty Ltd, listed in the NSW District Court next week.
Equity 8's two directors and shareholders are Bruce Wookey and Ross Martin, part of the corporate team the Bell brothers - Lewis, Andrew and Colin - inherited when they took over the struggling Johnson Taylor Potter back in July 2001.
Wookey, a broking veteran and serial embezzler these days, didn't hang around long, joining Harold Shapiro's Shaw all but a year later. Seems, however, the short time frame was sufficient to facilitate a falling-out with Bell's lieutenant, Alistair Provan. We hear it involves an amount of about $250,000, with Bell's statement of claim focusing on the pair's level of invoicing.
Bruce Wookey and Martin deny they owe any money. Aside from JTP, Bell and Shaw, Bruce Wookey and various members of his team have enjoyed spells at County Natwest, BBY, HSBC and Potter Partners.These days they work at their very own Cartesian Capital, formed earlier this year with backing from Zurich and Lonsdale Securities.