A third of directors at big British financial services companies sit on the boards of at least four businesses, according to research that will fuel concerns that senior figures in the City are stretching themselves too thinly.
The accounting and professional services group EY found that directors at leading UK financial firms each sit on an average of three boards and 33 per cent had four or more seats. Holding multiple jobs was most common in banking, where 65 per cent of directors sat on more than two boards, according to the EY survey, which looked at 19 big UK financial services companies and 208 board members. That compared with 40 per cent in insurance and 39 per cent in asset management.
The findings throw
