Peter Flynn has been made redundant from InvestorForce, the online e-commerce provider to the institutional investment industry, just over a year after setting up the group's European operation.

Flynn, general manager at InvestorForce in London, is one of four being let go as the group shuts its European operation. Flynn joined InvestorForce in August last year after 10 years at Fleming Asset Management. He quit just two weeks after Flemings was acquired by Chase Manhattan.