When respected UK equity manager David Urch joined EEA Fund Management it may have raised a few eyebrows. Previously headhunted by big name fund groups such as Martin Currie, Scottish Widows Investment Partners and Fidelity International, it perhaps came as a surprise for Urch to join the relatively smaller alternative asset manager in late 2013. […]
Global equities manager Douglas Brodie has made partner at Baillie Gifford. Brodie runs the Edinburgh Worldwide investment trust that invests in relatively early stage entrepreneurial companies. It has £251m in assets and a market cap of £195m. He also runs the £160m Baillie Gifford Global Discovery fund which seeks capital growth. Joint senior partner Andrew Telfer […]
Kames Capital is no boutique – too big and no follower of fashion – but is happy not to be among the giants, claiming it could not deliver as good a service if it were larger. Now it just needs to become better known.
T. Rowe Price has hired John Yule as head of UK intermediary relationship management for UK and Ireland.
With global development head Harriet Steel on board, Hermes Investment Management has seen assets soar in its wholesale division following a vigorous revamp and recruitment campaign
Investec Structured Products is launching a European version of its UK Controlled Volatility fund.
Fidelity Worldwide Investment UK marketing head Rob Fisher has left the firm after almost 14 years’ service. He left of his own accord as part of a restructuring of the marketing team. Former Fidelity Personal Investing marketing boss Jonathan Hewitt has been appointed the investment business’s head of marketing in Fisher’s stead. James Harris, previously […]
Long-serving Charles Stanley Group chief executive Sir David Howard is stepping back from day-to-day management owing to regulatory changes. Sir David will stay on as non-executive chairman, however he decided to resign from the top management role because of the newly minted CRD IV directorship rules. A successor is yet to be named, however Sir […]
When one of the most powerful names in fund selection delivers a damning verdict of advisers’ ability to pick funds, it is worthy of notice. Many of the vast fund range James Bateman oversees as Fidelity Solutions’ head of portfolios are likely be prime targets next year
BlackRock has hard-closed its £539m European Opportunities Extension fund after strong inflows this year. The fund prevented new subscriptions from new and existing shareholders from 22 July to prevent the fund from exceeding capacity. A communication to investors says: “Shares in the fund are no longer available for subscription to either new or existing shareholders. […]
Rathbone Brothers has agreed to pay £15m as part of a conditional settlement of a legal battle involving an employee of a former subsidiary. The wealth management house says it has decided to settle to end any “uncertainty” that would be created by continued legal wrangling over the past management of a Jersey trust. The case […]
TD Banking Group has bought out Royal Bank of Scotland from its NatWest stockbroking arm after a 12-year joint venture. The NatWest stockbroking service has previously been run by TD Direct Investing, whose parent held a 50 per cent stake in the business. For the past 12 years TD has provided stockbroking services to the NatWest […]