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Ex-M&G head Stewart to join Santander AM as CIO

Santander Asset Management has appointed ex-Butterfield Bank group chief investment officer David Stewart as chief investment officer after the departure of CIO John Bearman.

Stewart was group chief investment officer at Butterfield Bank between 2009 and 2011. He was previously head of investments at MGM Assurance.

Santander Asset Management UK chief executive Jeff Scott says: “We see Stewart’s experience as key to enhancing our retail and institutional aspirations as we look to build upon the investment in our fixed income, equity and research capabilities in the UK.”

Bearman left Santander in March to join Thomas Miller Investment as chief investment officer. Thomas Miller Investment chief executive Mike Balfour says: “Bearman’s appointment continues a phase of investment in new talent and improved integrated operational systems to help us provide greater added value for our clients. He is a significant appointment and will allow us to develop our investment offering by enhancing our experience and expertise.”

Rowan Dartington head of collectives research Tim Cockerill says: “One of the key att-ributes necessary for a chief investment officer is experience and David Stewart has that. The more economic cycles and changes that CIOs have seen the better they will be at looking at what may happen.”



Solicitor struck off after referring clients to tied adviser

A solicitor has been struck off for failing to refer clients to an independent financial adviser, among other failings highlighted by the Solicitors Regulation Authority. The Solicitors Regulation Authority brought a case to the Solicitors Disciplinary Tribunal against Andrew Field, of Kent solicitors Field & Co, based on three alleged breaches of the Solicitors Code […]

Henderson to launch funds business in Australia

Henderson Global Investors is to develop a funds management business in Australia under the management of former First State UK chief Rob Adams. Adams, who was most recently chief executive of Challenger Funds Management, will oversee the development and strategy of the business. The move is part of the UK and Australia-listed asset manager’s plans […]

Brewin Dolphin set for True Potential deal

Brewin Dolphin is set to appoint True Potential to provide back-office software for its financial planning arm and adopt technology programme Figaro as its front-office investment management engine. Money Marketing understands Brewin Dolphin Financial Planning, which has about 40 advisers, is due to finalise the arrangements in the next week. True Potential provides back-office software […]

Tribunal backs FSA over £1.3m fine for ex-UBS advisers

The Upper Tribunal has upheld an FSA decision to ban and fine two former UBS advisers a total of £1.3m for their involvement in an unauthorised trading scheme. Former head of the Asia II desk at UBS Sachin Karpe has been fined £1.25m while former UBS client adviser Laila Karan has been fined £75,000. Both […]

Identifying best-in-class UK stocks — Mark Martin, Neptune UK Opportunities Fund

FE Alpha Manager Mark Martin assumed management of the multi-cap UK Opportunities Fund at the beginning of February. As manager of the highly regarded UK Mid Cap Fund, Martin has begun restructuring the new portfolio to focus on our very best UK stock ideas from across the FTSE All-Share Index. In this video, update Martin addresses:

– Themes informing the UK Opportunities Fund
– The multi-cap structure of the fund
– UK equity valuations


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