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Clerical Medical Investment Management rebrands as Insight Investment

HBOS is rebranding subsidiary Clerical Medical Investment Management as Insight Investment in advance of a major retail launch later this year.

CMIM, which has more than £63bn of assets under management, will be completely rebranded by the start of the fourth quarter, after which it will attempt to become a top 10 fund manager in sales to the IFA market.

Insight will be run independently of HBOS, although its parent plans to inject £40m for development into the business over the next three years.

Insight chief executive Douglas Ferrans says: “By building on a strong track record and having he financial support of HBOS, we are in an excellent position to be a major force in the marketplace.”

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