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BoE appoints Financial Stability Committee non-execs

Bank of England chair of the Court of Directors Sir David Lees has appointed himself and three non-executive directors of the Bank as members of the Financial Stability Committee.

Following the first meeting of the new Court of Directors, Roger Carr, 
Mark Tucker, 
Harrison Young and Sir David Lees were appointed.

Roger Carr has agreed to accept appointment to the FSC as an interim measure, pending the appointment of a further member of Court. He is chair of Centrica and Cadbury Schweppes. Carr has also been a non-executive director of the Court of the Bank of England since 2007.

Tucker is currently group chief executive of Prudential, but has announced he will step down in September 2009. Previously he was group finance director of HBOS.

Young is a non-executive director of the Commonwealth Bank of Australia where he is chair of the risk committee and a member of the audit committee. He has previously been chair of Morgan Stanley Australia and vice chair of Morgan Stanley Asia.

Lees is currently chairman of Tate and Lyle and deputy chairman of Qinetiq.


Short sighted

On a recent trip to Devon, I stayed in a small and rather delightful hotel run by an ex-City currency trader. One increasingly comes across ex-City or ex-financial services folk who have left the industry for one reason or another.

OBSR suspends GLG tech fund rating

Old Broad Street Research (OBSR) has suspended the A rating of the GLG Technology fund. The decision was made following the news that Hugh Grieves is leaving GLG in the wake of the groups takeover of the Soci赩 G诩rale Asset Management UK business, says OBSR in a statement. GLGs existing technology team, led by Anthony […]

Investors hindered by fund launches

The proliferation of fund launches in the European market could be detrimental to investors over the long-term, according to a report from Lipper FMI.The groups research points out that the number of funds in the marketplace has grown by 70% over the last 10 years and assets have risen, while percentage management fees have not […]

East side story

Emerging markets represent around 75 per cent of the global land mass and over 80 per cent of the world’s population. One in every five people in the world is Chinese and one in six is Indian.

Greece: the sideshow continues

Artemis managers James Foster, Mark Page and Laurent Millet comment on the Greek deal, describing it as “just another fudge” getting in the way of bigger developments in China, the UK and the US. To read the full article click here.


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