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Financial Express opens Hong Kong office

Financial Express has opened its first offshore office in Hong Kong offering the country’s fund management institutions and financial advisers analytics, factsheet and literature production and webtools.
Trustnet co-founder James Jones will head up the office along with Michael K Li who has previously worked as a fund analyst at Gerrards Investment and investment specialist for Putnam Investments.
Jones says: “As we are already the main, or sole, provider of fund data and solutions to more than 70 per cent of the UK fund management market, it was only a matter of time before we spread our wings and offered our expertise to other parts of the world.
This is an incredibly exciting time for the company and we feel sure that our reputation as an innovative, competitive and customer-service driven organisation will position us to help UK and offshore fund management companies create new business opportunities, as well as improve relationships with financial advisers.”


L&G updates growth investment plus plan

Legal & General’s latest tranche of its growth investment plan plus will provide investors with 125 per cent of any capital growth in the FTSE 100 Index over a six year term. It is set to mature on April 18, 2013 and will deliver capital protection at maturity.Growth investment plan plus 7 will be open […]

Rooftop to outsource technology to Vertex

Vertex Financial Services has signed a new outsourcing contract with specialist lender, Rooftop Mortgages.The lender, owned majority owned by Bear Stearn, will receive full outsourcing capabilities – servicing admin, online funding release, securitisation and portfolio trading – from Vertex Optimus.Rooftop has completed multiple securitisations, whole loan portfolio sales and works with a select group of […]

Deal sees society link up with L&G

Nationwide Building Society and Legal & General have entered into a distribution deal that will mean Nationwide selling L&G’s life, investment and pension products.As part of the deal, L&G is buying Nationwide subsidiaries Nationwide Life and Nationwide Unit Trust Managers.The current value of the two subsidiaries is 285m after the extraction of 70m of capital […]

Lending up but profits down at B&B

Bradford & Bingley has seen a huge jump in gross lending in 2006, more than twice the market average.However, the group also saw statutory pre-tax profits fall from £263.5m in 2005 to £246.7m last year, largely due to the £89.4m set aside for misselling complaints. Its underlying profit was up 8 per cent to £336.1m.Its […]

Neptune’s Burnett looks beyond Greece

Watch Rob Burnett, manager of the Neptune European Opportunities Fund, discuss the Greek bailout deal and its potential implications for European equities. In the video Rob discusses: Why, with the Greek crisis receding, markets can now focus on Europe’s strong fundamentals The resilience of European markets and why the recovery is on a solid footing […]


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