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Aberdeen creates new role for star US manager

Aberdeen Asset Management has appointed star US fund manager Katherine Garrett-Cox as chief investment officer.

The newly created position, which was previously incorporated into chief executive Martin Gilbert&#39s role, follows a rapid expansion within the company, including most recently its takeover of Murray Johnstone.

Garrett-Cox will surrender her role as head of US equities to Rupert Della-Porter, who joined Aberdeen with Garrett-Cox from Hill Samuel Asset Management last September.

But Garrett-Cox will continue to play a lead role in the management of Aber-deen&#39s US funds.

Gilbert says: “Katherine Garrett-Cox&#39s reputation precedes her and the impact that she has already made at Aberdeen is remarkable. In Katherine, we have found a chief investment officer with the investment experience, comm- unication skills and leadership to drive the firm&#39s investment engine forward to meet and exceed our clients&#39 expectations.”

Garrett-Cox says: “In my view, the role of CIO is evolving rapidly from the traditional angle of being a central controller to being an overseer, a developer and a sounding board. The depth and spread of expertise at Aberdeen presents fascinating challenges.”


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ABI concedes polarisation defeat

The ABI has raised the white flag to the Treasury and FSA without a fight over phase one of the current polarisation consultation. The move has raised serious concern among IFAs that bigger life offices will steamroller through phase two without fighting the IFA cause. At an ABI polarisation working party sub-committee, Money Marketing understands […]

Who takes blame for Equitable?

As the fallout from the Equitable Life debacle starts to settle and the industry considers its effect on the financial services sector, the roles of the regulator and civil servants are coming under increasing scrutiny. Charges against the regulator include failure to act in the early 1990s when signs pointed to a low-inflation period, incorrect […]

Berkeley Wodehouse to split in major revamp

IFA network Berkeley Wodehouse Associates is to undergo a major corporate restructure which will see it split its business and become a plc. As part of the move, the network will divide its business into two subsidiaries, with one offering its members a choice of full network services and the other an ad hoc consultancy. […]

Generation Rent

By Denise Wond, marketing manager We’ve heard a great deal about Generation Rent in recent years but what does it actually mean for consumers and advisers and has the face of the typical renter changed? The picture is certainly more diverse than it used to be. Homeownership is at its lowest point in 30 years, […]


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