Rob Langston

HSBC wealth management chief retires

HSBC retail banking and wealth management chief executive Paul Thurston will retire at the end of the year. Former HSBC Global Asset Management chief executive John Flint will take over from Thurston on 1 January, with Guilherme Lima succeeding Flint as group head of strategy and planning. Group chief executive Stuart Gulliver says: “I would […]

Non-Axa investment brand told to stop using name

The Company Names Tribunal has ordered Axa International Asset Management Limited to change its name and pay Axa £700 in costs. Axa International Asset Management Limited was registered in May, with Axa UK applying for a change in name in July, with a copy sent to the non-Axa UK company in August. “On 22 October […]

1

AS 2012: Osborne confirms Isa limit increase to £11,520

Chancellor George Osborne has announced plans to raise the Isa limit to £11,520 from next April. The limit had been due to raise in line with inflation; the Isa limit rose by £600 in the previous tax year from £10,680 to £11,280. The Isa limit was indexed to inflation for the first time in June […]

Autumn Statement 2012: As it happened

[View the story “Autumn Statement 2012” on Storify] Autumn Statement 2012 The Fundweb.co.uk live blog for the Autumn Statement 2012. Storified by · Wed, Dec 05 2012 02:10:28 The Chancellor will deliver his Autumn Statement to Parliament at 12:30pm. Follow #as2012 for full coverage http://bit.ly/UnmsyDHM Treasury Welcome to the Fundweb.co.uk live blog for the Autumn […]

London UK Britain Flags Street 480

British Chambers of Commerce downgrades 2013 UK growth forecast

The British Chambers of Commerce has revised its growth forecast for 2013 and 2014 downwards in its latest economic forecast. The BCC believes the economy will grow by 1 per cent during 2013, down from its earlier 1.2 per cent forecast. GDP growth in 2014 has been revised downwards from 2.2 per cent to 1.8 […]

HSBC wealth management chief retires

HSBC has announced retail banking and wealth management chief executive Paul Thurston will retire at the end of the year. John Flint, former chief executive of HSBC Global Asset Management, will take over from Thurston on 1 January, with Guilherme Lima succeeding Flint as group head of strategy and planning. Group chief executive Stuart Gulliver […]

BNY Mellon announces Insight range restructure

BNY Mellon has announced a number of mergers of Insight Investment funds to better position the boutique for the post-RDR world. A raft of smaller funds are being merged, including the £105m Diversified Target Return fund into a new Global Absolute Return fund, managed by Steve Waddington. The Insight Investment Diversified High Income, Insight Investment […]

Swip multi-manager team merges with Lloyds team

Swip has confirmed the merger of its multi-manager team with the long-only manager selection team from parent Lloyds Banking Group’s international wealth management business. Swip moved into the multi-manager space in 2007 after hiring a five-strong team, inlcuding Mark Harries and Simon Wood, from Cazenove. A Swip spokeswoman says: “We can confirm that the long-only […]

Non-Axa investment brand told to stop using name

The Company Names Tribunal has ordered Axa International Asset Management Limited to change its name and pay Axa £700 in costs. Axa International Asset Management Limited was registered in May, with Axa UK applying for a change in name in July, with a copy sent to the non-Axa UK company in August. “On 22 October […]

EU sets out new rules for ratings agencies

Ratings agencies will only be allowed to issue sovereign debt rating on three dates per year under new EU rules. Cross-ownership of agencies and entities that they rate will also be limited to prevent conflicts of interest, while agency mergers are set to be restricted to boost competition. Commissioner Michel Barnier says new legislation will […]

Q3 GDP growth kept at 1 per cent

The Office for National Statistics has maintained its estimate for third quarter GDP at 1 per cent. The UK exited the double dip recession with GDP growth of 1 per cent during the third quarter compared with the second quarter. The boost to UK GDP was thought to have derived from the London 2012 Olympics […]