Alberto Micalizzi was banned and fined in May 2012 for not being fit and proper.
Axa Framlington Health manager Gemma Game is leaving Axa Investment Managers after three years at the helm of the £371m fund.
Investment banking profits are down 18 per cent year-on-year, pushing down overall profits by 7 per cent.
The Serious Fraud Office has set up a crack team to investigate whether it can bring individual criminal charges against Lloyds Banking Group traders that meddled with Libor for the bank’s gain during the financial crisis.
Total net inflows rose to £1.3bn but pre-tax profit falls to £48.4m.
Fundweb looks at the funds that managed to ride out the recent sell-off in the tech sector and those that have delivered the best performance as the sector bounces back.
David Page was most recently senior economist at Lloyds Banking Group
The CF Miton Strategic Portfolio fund has been removed from Hargreaves Lansdown’s Wealth 150 after its recent change of manager.
A record £1.4bn flowed into UK Equity Income in June, driven by the launch of Neil Woodford’s much-anticipated solo fund.
Standard Life Investments is upping the direct property range for its newly-renamed Global Real Estate fund to between 50 and 80 per cent.
Neil Woodford’s new fund has secured two spots on The Share Centre’s most popular funds list for June after investors rushed in to its accumulation and income share classes.
The fund prevented new subscriptions from new and existing shareholders from 22 July.
Investors are “virtually certain” to take a bath on the Invesco Property Income investment trust, which has now had its shares suspended.
St James’s Place has reported an 8.5 per cent drop in pre-tax profits, from £90.1m in the first half of 2013 to £82.4m this year.
A fund update confirmed that Lee will depart for personal reasons and fellow co-manager William Yuen will assume sole management of the fund.
James Dilworth replaces Wolfgang Matis who retired in June.
Aberdeen Asset Management had £5.5bn of outflows in the third quarter, alongside £3.3bn outflows from Swip funds.
Four funds have been dropped from Sanlam Private Investments’ White List of UK equity income outperformers, to be replaced by offerings from Threadneedle, RBS, Fidelity and Invesco Perpetual.
The FundsNetwork platform is legally owned by the Bermuda-domiciled FIL Ltd.
Chris Legge was formerly Brewin Dolphin intermediary business development manager.
As a result, annual GDP growth edges up to 3.1 per cent from 3 per cent in the first quarter.
However in total the group saw net inflows of £29m during this time.
International Monetary Fund has upgraded the UK’s growth forecast for this year to 3.2 per cent.
Deal expected to close by fourth quarter of this year.
Royal London hopes Paul Rayner and Darren Bustin will be running an absolute return bond fund by the end of the year.
The public website of the European Central Bank has been hacked by cybercriminals demanding payment for the return of stolen data.
Andre Girault and Tim Dickens will both take up role of investment directors in firm’s London office.
Firm’s discretionary FUM was £6.55bn as of 30 June.
Rathbone Brothers has agreed to pay £15m as part of a conditional settlement of a legal battle involving an employee of a former subsidiary.
Three M&G funds made up 55 per cent of the £19.55bn assets on the Spot the Dog list.
Review to focus on effects of expansion to tax scheme in 2012.
Andrzej Pioch will work alongside the firm’s multi-asset team.
Rehlaender’s departure comes after Schroders announced it was taking the management of all Global Property securities funds in-house.
JP Morgan Asset Management plans to close five fixed maturity bond funds following a narrowing of their investment universes.
Individual faces 13 charges, including fraud.
The S&P 500 has closed at a new all-time high on the back of easing geopolitical concerns and a positive reaction to US inflation numbers.
However trail switch-off saw a decline of 36 per cent from last year’s third quarter.
Charles Stanley Group saw total revenues increase over the second quarter of the year, although its directors are “disappointed” to see commission income fall by more than 16 per cent.
Fidelity Worldwide Investment is buying Leigh Himsworth’s City Financial UK Opportunities fund.
Praemium has shuffled its management team, with head of platform distribution Jon Farmer becoming UK chief operating officer.