DTZ finance chief out after fundraiser

My Account
Logout

Create an Evening Standard Account

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Welcome! Sign in here

Use your social network

Save time by using your existing account to sign in to Evening Standard

We'll never share your information or post anything to your account without your permission

Forgot your password ?

Registration

* indicates fields that are mandatory

Email *

Password *

Confirm Password *

First name *

Surname *

Postcode *

Country *

Mobile phone number

Username *

Gender *

Year of birth *

When you sign up...

You will have access to all our online competitions, discounted offers and can post comments on our site.

You will also receive The Weekender newsletter sent every Thursday - it’s full of fantastic offers and ideas for the weekend. You can update your email preferences in your account page when you log in.

Other newsletters and emails

Homes & Property Newsletter - Yes I want to receive the weekly email with all the latest news on property in the capital

Occasionally we would also like to send you relevant emails detailing specific offers either from ourselves or carefully selected partners. If you would prefer not to receive these then please tick the appropriate boxes below. We will never pass on your details.

I do not want to receive additional offers and information from the Evening Standard

I do not want to receive additional offers and information sent by Evening Standard on behalf of carefully selected partners

Terms and Conditions

* I have read, understood and agree to be bound by the terms and conditions of Evening Standard

Registration

Mail Sent for Registration Confirmation.

A confirmation email has been sent. Please activate your account by clicking on the activation link sent in your mail box.

The 50-year-old will leave his £160,000-a-year job - topped up last year with a £140,000 bonus - at the end of July after less than two years.

His exit marks the latest in a line of changes at DTZ since former Barclays chief operating officer Idzik took over from Mark Struckett last November. A number of ex-Barclays bankers have joined "Club Idzik" at DTZ.

It follows a disastrous two years at the once-mighty firm which saw its shares crash 98% from a peak of 835p in January 2007 to a low of 19¼p in late 2008. They were down ½p to 35½p today.

DTZ recently raised £48.7 million from shareholders as profits collapsed in the face of the property slump. The firm has suffered from rising levels of debt following the £40 million takeover of rival Donaldsons at the top of the market.

Child, a former finance director of Stanley Leisure and National Express, said he is seeking "new challenges" following the fundraising.