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Argonaut appoints Edward James as COO

Argonaut Capital Partners has appointed Edward James as its chief operating officer.

James was previously head of operations at Octopus Investments. Prior to this, James was at Euroclear, where he was responsible for its expansion into the UK and managed the purchase of EMXCo. He also worked at Gerard Asset Management, where he was part of the management team that restructured the business ahead of its sale to Barclays Wealth.

Last week, Ignis Asset Management confirmed that joint venture Argonaut is to become operationally independent from the firm.

Argonaut Capital Partners is to take management control, owning 60 per cent under the new structure with Ignis reducing its equity stake from 50 per
cent to 40 per cent. Argonaut was the first joint venture launched by Ignis in 2005.


Legg Mason plans US equity income fund

Legg Mason is adding to its UK retail range with the launch of a US equity income fund managed by New York-based ClearBridge Advisors. The fund, which is set for launch in mid-October, will mirror the £2.5bn strategy previously available to investors in the US. ClearBridge Advisors is Legg Mason’s largest US equity subsidiary with […]

FSA bans mortgage broker over fraud and deception

The FSA has banned a mortgage broker after she was found guilty of 13 counts of financial crime, including fraud and obtaining money by deception. In February 2010, Winchester Crown Court found Yasmin Choudhary, trading as Adams Financial Services, guilty of nine counts of obtaining a money transfer by deception, one count of attempting to […]


Banks pay out £215m in PPI redress

The total amount of compensation paid out during the first half of the year to customers who were missold payment protection insurance has reached £215m, figures from the FSA reveal. The regulator has published data today which shows that 16 firms have paid a total of £215m in PPI redress between January and June this […]


LV= to change marketing material after IFA client poaching concern

LV= is amending its client communication package after an IFA complained to Money Marketing that its marketing literature undermines advisers. Pete Kerans Mortgages director Pete Kerans complained to Money Marketing that the LV= Membership Matters package for new members undermined his relationships with clients and sought to secure direct business. The eight-page package is sent […]

Certification guide

Guide: how to… certify your pension scheme

Certification is highly complex and surrounded by a minefield of information and auto-enrolment jargon, which can make it very difficult to understand. However, for many employers it is a necessary process that must be executed successfully.


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