People moves

Sanlam poaches from Aberdeen Standard for new distribution head

Sanlam UK has brought in Richard Pursglove as its new distribution head to lead the business’s sales and marketing strategy. Pursglove most recently worked at Aberdeen Standard Investments to support the integration of the global distribution team during the merger of Aberdeen Asset Management and Standard Life. Pursglove started his career as an IFA and […]

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FCA director to join Pensions Regulator in newly created role

The Pensions Regulator has appointed the FCA’s Jo Hill to the newly created position of executive director of strategy and risk. She starts the role in November and is currently the FCA’s director of market intelligence, data and analysis. As an experienced regulator, Hill has a strong background in supervision, enforcement, insight and analysis at […]

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Brewin Dolphin poaches UBS planning head to open new office

Brewin Dolphin has poached UBS’ deputy financial planning head Keith Sheenan to bolster its new office in West London. Sheenan was deputy head of the financial planning team at UBS Wealth Management for seven years, and has almost 20 years of experience in providing wealth planning and holistic financial advice to high net worth private […]

TSB chief exec steps down amid IT failures

TSB Bank chief executive Paul Pester has resigned in the midst of ongoing IT issues at the lender. Pester had faced challenges from consumers, MPs and regulators after a computer migration in April left nearly two million customers without access to their online bank accounts. The problems were still ongoing more than six weeks after […]

7IM poaches from Coutts for new chief strategist

7IM has poached Coutts Investments’ former head of investment strategy Terence Moll to join its investment management team. He will join the platform and discretionary manager as chief strategist. Moll’s former roles span the investment and pension space. He was formerly head of multi-asset allocation for the Universities Superannuation Scheme, as well as holding roles […]

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LGIM poaches from Jupiter for retail sales head

Legal & General Investment Management has hired James Crossley as UK retail sales head. Crossley joins the team from Jupiter, where he was overseeing the UK retail distribution and retail sales team. Crossley replaces Simon Hynes, who worked with Crossley at Jupiter. Hynes recently took on the role of EMEA retail distribution head at LGIM where he […]

May vows to fight on after cabinet departures

Prime minister Theresa May has promised to fight any attempt to remove her from office after two cabinet ministers quit in 24 hours. Boris Johnson quit as foreign secretary yesterday and Brexit secretary David Davis left his post on Sunday evening. Davis warned May’s proposal to keep Britain closely aligned to European Union rules was in […]

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Sanlam UK chair steps down

Sanlam Private Investments UK chair Daniël Kriel is stepping down after nearly six years in the role. He will be replaced by Sanlam UK chief executive Jonathan Polin. Polin became chief executive of the Sanlam UK group in January 2016. Kriel is also stepping down as Sanlam Private Wealth chief executive after 13 years. Sanlam […]

Fairstone makes third acquisition of 2018

Sims Financial Planning has become the third adviser acquisition this year for consolidator Fairstone. Three staff will join Fairstone, bringing funds under management to more than £90m along with total fee income of almost £500,000. Sims is the latest firm to be fully acquired by Fairstone after joining its downstream buyout programme in July 2015. […]