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Adam & Co to provide services for Stewart Ivory Wealth Management

Private Scottish bank, Adam & Company, has entered into an agreement to provide the banking and administration services for Stewart Ivory Wealth Management, the private client business of First State Investments.

The deal covers £500m of Stewart Ivory funds, and will provide all wealth management clients with access to a full banking service.

First State chief executive Rob Adams says: "This relationship will deliver long term benefits to both Adam & Company and First State. More importantly, as our relationship develops, we expect our clients to benefit as well with easy access into a range of premium banking products.

"Our business is growing throughout the UK and in Europe and we are delighted to b commencing this close working relationship with a private bank that is clearly one of the best in the UK."


Credit Suisse adds Polar Capital Japan to Constellation Fund

Credit Suisse Asset Management Funds UK is adding the newly launched Polar Capital Japan Fund to the Credit Suisse Constellation Fund, a fund of funds focusing on boutiques and high conviction managers.It is also adding the fund to the Credit Suisse Multi-Manager Japanese Portfolio.Credit Suisse Multi-Manager Services joint head Robert Burdett says: “Polar Capital Japan […]

NU offers 57 varieties of external links

Norwich Union has introduced 57 external fund links to its investment bonds, from 12 managers including Aberdeen Asset Management, Baring Asset Management, Gartmore, Merrill Lynch, Schroders and Soc Gen. The funds include index trackers, managed funds, fixed interest, UK and international equity, specialist equity and specialist managed and bring the total number of funds available […]

New fixed rate bond from Chelsea

Chelsea Building Society is launching a new fixed rate bond offering a gross annual return of 4.5 per cent.The Chelsea Fixed Rate Bond 2003 opens on November 8 and will offer the fixed rate until June 2, 2003. The minimum investment is £1,000.The bond also offers a monthly income option, with a slightly lower interest […]

ScotProv slams FSA on new laundering rules

Scottish Provident is taking a stand against the FSA over new money-laundering requirements on protection providers, calling them a waste of time and money.Head of product development Nick Kirwan says there is no way that term insurance could be used to launder money and it is nonsense to compel providers to take preventive steps.Under the […]

The Natixis Solution: H2O MultiReturns Fund

A product designed to bring some unique attributes to the crowded absolute return global macro space With diversification and risk management top of investors’ wish lists when it comes to alternatives, step forward the H2O MultiReturns Fund. H2O Asset Management is an independent boutique backed by Natixis Global Asset Management and has a 14-year track […]


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