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Ex-Invesco chief to chair Ashcourt Rowan asset management business

Investment veteran Hugh Ward has joined Ashcourt Rowan as a non-executive director and will chair its asset management business.

Ward was previously chief executive of Invesco’s UK and offshore business and a member of the group executive board. He has also held senior positions at Schroders and Capital House.

Ashcourt Rowan chairman Kenneth West says: “His experience as a former chief executive of Invesco UK, and the architect of the merger between Invesco and Perpetual, will be a significant benefit to the business as we look to continue to develop and grow our asset management operation.”



Tory peer: ‘Regulators must know what they are doing’

A Tory peer wants to amend the Financial Services Bill to crackdown on the “outsourcing” of regulation through Section 166 reports and to ensure regulatory action is “reasonable and fair”. Under current proposals the Prudential Regulation Authority and the Financial Conduct Authority must ensure their actions are “proportionate”. Conservative Lord Hodgson says that should be […]


CBI: Huge PPF levy hike will hit small firms

The Confederation of British Industry has warned an imminent hike of up to 25 per cent in the Pension Protection Fund levy will be a “major problem” for small firms. A consultation document announcing the £550m levy for 2012/13 said the PPF expects to raise “approximately £550m” in 2013/14 and 2014/15. However, the CBI says […]

Whitechurch to launch risk-rated model portfolios

Whitechurch Securities is in discussions with a third-party risk profiler to launch risk-rated model portfolios. The firm is aiming to launch three model portfolios, a cautious, balanced and growth portfolio that will be risk-rated by an independent risk profiler by September. The minimum investment on the funds will be £3,000 and will be part of […]


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