RBS names McEwan as new chief on £1.37bn profit swing
Ross McEwan has been confirmed as new chief executive of RBS as his predecessor Stephen Hester marked his exit from the bank with a big swing into profit.
View ArticleRBS names McEwan as chief on £1.37bn profit swing
Outgoing RBS boss Stephen Hester marks his exit with a swing into profit as the bank confirms Ross McEwan as his successor.
View ArticleCharles Stanley hires three for Birmingham office to power asset spike
The national wealth manager has brought in three new faces to build up its financial planning team and build on the 50% asset growth seen since the start of June.
View ArticleMan Group sees $5bn first half outflow as Bernanke spooks AHL
Man Group has suffered fresh outflows as performance of its flagship AHL strategy was hit by QE tapering talk from Federal Reserve chair Ben Bernanke.
View ArticleMarket gives RBS thumbs-down as investors wait on US payrolls
The bank was off 4.61% at 318.05p by 9.30, having earlier fallen more than 5%.
View ArticleThomas White International latest US firm to target UK fund market
Chicago-based Thomas White International (TWI) is the latest overseas firm to enter the UK market, with the launch of a global emerging markets fund to try to benefit from capacity issues in the sector
View ArticleGeldard to replace Gibbs on Jupiter Second Split trust
Miles Geldard has been appointed manager of the Jupiter Second Split Trust, replacing Philip Gibbs, who is retiring from fund management next year.
View ArticleHSBC Private Bank shuts UK immigration service on low client retention
The bank has closed its UK Investor Visa service to new business after clients failed to retain their portfolios at the bank beyond the required minimum five-year term
View ArticleRathbones makes investment process more forward-looking
Rathbones has opted to revamp its investment process, with a ‘forward-looking’ asset allocation framework aimed at professional intermediaries and some private clients
View ArticleMarkets slide as US payrolls come up short
US non-farm payroll data came in sharply below estimate
View ArticleThree investments trusts this wealth management trio are eyeing
Wealth managers from Charles Stanley, Charlotte Square and Blackadders reveal their favourite closed-end plays and where they've been spotting value in the investment trust sector, writes Harriet Dodd.
View ArticleThe Expert View: RBS, Weir and Enterprise Inns
A roundup of some of the best analyst commentary on shares, also including William Hill and Next.
View ArticlePrivate client cautious strategies hit by correction
Data from Asset Risk Consultants shows cautious strategies suffered their first negative month in over a year in June as the market correction caught them out.
View ArticleLloyds dividend, economic cheer lift FTSE
Raft of better news on the Eurozone, UK and Chinese economies helps shares higher.
View ArticleFranklin Templeton hires former Insight manager to lead UK multi-asset push
Franklin Templeton has appointed former Insight Diversified Target Return fund manager Toby Hayes to help drive its multi-asset business.
View ArticleHSBC shares dip despite H1 profits rising 10%
Global bank HSBC has grown its underlying profit but its earnings have fallen short of expectations, triggering a near-4% fall in its shares.
View ArticleThe Buxton effect: Old Mutual Global Investors surges up fund sales table
The latest Pridham Report shows Old Mutual shot up from sixth to second spot in the net retail sales league over the second quarter as the hire of Schroders' Richard Buxton drew in the crowds.
View ArticleAquila Capital hires former Lombard Odier manager Goerz to lead new alpha...
Aquila Capital, the independent alternative asset manager, has hired Dorothee Goerz as a senior fund manager to spearhead the firm’s new value and equity strategy
View ArticlePsigma’s Howard-Smith: on the acquisition trail
Fresh from its acquisition of AXA Framlington’s private client business, Psigma Investment Management (PIM) is lining up more deals.
View ArticleEmerging market debt sell-off: key lessons from the past
GAM's Paul McNamara, who manages the JB Local Emerging Market Bond fund for Swiss & Global, draws on his experience in the asset class to outline why investors should not panic over the recent...
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