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Cowley Stewart Old Mutual

Cowley departure prompts OM bond fund downgrade

Morningstar has downgraded the Old Mutual Global Strategic Bond fund from ‘Bronze’ to ‘Neutral’ following the announcement of Stewart Cowley’s upcoming departure. Cowley, who manages the £561m Old Mutual Global Strategic Bond fund, leaves in June and will be replaced on the portfolio by Christine Johnson and John Peta. OMGI chief executive Julian Ide says: “I am grateful to Stewart […]

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Curtis Banks plans £85m AIM float

Sipp provider Curtis Banks plans to float on the AIM stock exchange in a move expected to value the business at £85m. The firm, which started trading in 2009 and currently administers more than 26,000 Sipps, expects to raise £7.5m through the issue of new equity. Trading in the shares is due to commence on […]

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Nigel Farage and Nick Clegg quit after election drubbing

Nigel Farage will stand down as leader of Ukip after losing out in his bid to be elected as the MP for Thanet South. Liberal Democrat leader Nick Clegg has also confirmed he will quit as leader after a “crushing” election night. Labour leader Ed Miliband will also exit following a shattering result for the […]

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Tilney Bestinvest hires new director for London office

Tilney Bestinvest has appointed Leon Buckley as director, financial planning as the firm expands its London financial planning practice. Buckley, who will work in the firm’s Mayfair office in London, will report to managing director, financial planning Tim Stalkartt. Since 2010 Buckley has worked at FF&P Wealth Planning dealing with high-net-worth clients, as well as advising partners […]

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