View more on these topics

Apollo appoints Crosby Asset Management CEO

Apollo Multi-Asset Management has announced the appointment of Simon Fry as non executive chairman.

Fry has over 20 years experience in investment banking, most recently as the chief executive officer at Crosby Asset Management. He previously worked at Nomura, where he was managing director and European Board member as well as a member of Nomura’s risk committee and credit committee.

Fry’s appointment comes as CAM has terminated its joint venture with Apollo.

Apollo has agreed to repay a loan of £121,000 to CAM, which was provided by the group for regulatory capital and general working capital purposes. Apollo is to continue managing the Forsyth funds acquired by CAM in 2007.

Subject to FSA approval, Cloudy Loan Limited is set to take a controlling stake in Apollo. Cloudy Lane represents the Nomura Benefit Trust of which Simon Fry, who is CAM chief executive officer, is a potential beneficiary.

Apollo currently has £31.2m of assets under management. The team includes the likes of former Miton fund managers Tom McGrath and Steve Brann.


Banks cutting out advisers

I am not given to writing to the letters pages but I am so incensed with recent goings-on in the mortgage market and the total insensitivity of the FSA that I feel I have to express my anger.

Tapering of annual allowance – adjusted and threshold income

The definitions of adjusted income and threshold income used to determine whether, and to what extent, someone’s annual allowance will be reduced can be confusing.  Here we try to make sense of it all. The annual allowance will be reduced for high income individuals from 6 April 2016.  Our previous article Tapering of annual allowance […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm