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Alliance poaches new boss from Lloyds TSB

Alliance and Leicester announces it has successfully ended their search for a new leader with the appointment of Peter McNamara of Lloyds TSB.

He will be the bank&#39s group managing director from June. Since 1996, he has held the title of managing director of personal banking at Lloyds.

John Windeler will remain on the team as executive chairman. His responsibilities will include internet ventures, corporate development and corporate communications.

Windeler had been widely quoted as saying he had no desire to remain once a new leader was found.

No details of McNamara&#39s contract were released.


Pecking order is plain to see

In response to Philip Robinson&#39s letter (Money Marketing, April 6, 2000),of course I understand the pecking order of our “regulatory” system.This is why I went to great lengths to use the generic term “regulator”with a small r. I am simply pointing out that there is an inconsistentapproach to differing business sectors.Certainly, opt-out and non-joiners needed […]

Murray Johnstone predicts VCT2 firms are tomorrow&#39s big cheeses

Murray Johnstone VCT2 has reached its investment target, with 11investments completed during the year.This means that 73 per cent of the portfolio, amounting to £24.2m, isinvested in qualifying investments at the year-end.One-third of the initial investment cost has now been returned toinvestors, with total dividends of 13.51p being returned on the initialinvestment of 40p per […]

Interest Rates likely to remain static

Pressure on the Bank of England to raise interest rates is cooling off as the economy slows down.In the first quarter, growth in the manufacturing and industrial sectors came to a halt, which in turn slowed down the macro economy.The economy grew by 0.4 per cent in the first three months of the year, which […]

Flexible fixes from Stroud & Swindon

Stroud & Swindon Building Society is offering two new mortgages to attractcustomers who want a flexible mortgage with a fixed rate.The two new products in its portfolio are the fixed and flexible mortgageand a fees-paid remortgage-only fixed and flexible mortgage.The first mortgage offers free valuation and has a fixed rate of 6.29 percent until June […]

Investment clock economic update

In the latest Investment Clock economic update, Ian Kernohan, Senior Economist at Royal London Asset Management, discusses the implications of the US Federal Reserve’s recent hike in interest rates and upcoming French presidential election. The value of investments and the income from them is not guaranteed and may go down as well as up and […]


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