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Greenshields Picked as MD for Barclays investment division

Barclays has appointed former Zurich UK life chief executive Ray Greenshields as managing director of its investment management division.

Greenshields resigned from Zurich last October after less than two years in the job. Prior to that, he was managing director of AMP&#39s financial services division. At Zurich, he oversaw the demise of the Allied Dunbar brand name.

In his new role, he will be responsible for effectively all of the bank&#39s&#39 retail business, including Barclays IFAs, financial planning, stockbrokers, tied sales and investment management arms. He will report directly to Barclays Private Clients chief executive Naguib Kheraj and replaces Bob Dench, who is retiring after more than 25 years with the bank.

Kheraj says: “Ray&#39s long experience in the field of asset management will be invaluable as he drives the strategy of the investment management division, providing services for the breadth of our retail customer base.”

Greenshields says: “Barclays has one of the best franchises in financial services with the opportunity to develop investment and insurance services for over eight million retail customers. This job poses a great challenge with regulatory change and the pension issue firmly on the radar.”


FSA website shows collapsed IFA Lamensdorf as still authorised

The FSA helpline and website were still this week telling consumers that Lamensdorf was authorised to give advice despite the IFA going into receivership.On Tuesday this week, the FSA website was classifying the IFA as an authorised firm despite the receivers having already been called in and the firm having told its advisers to stop […]

New Star International – Strategic Government Bond Fund

Type: Offshore Oeic Aim: Income and growth by investing in US-denominated Government bonds Minimum investment: Lump sum $5,000, Œ5,000, £3,500 Yield: 5% a year Investment split: 35% US, 31% Latin America, 22% Europe, 6% Asia, 6% other Place of registration: Dublin Charges: Initial 5.25%, annual 1.25% Commission: Initial 3%, renewal 0.3% Tel: 00 353 1475 […]

Correspondent&#39s week

Working from home on Monday and have the day nicely mapped out until a rash of calls from consumer press journalists on the new ING Direct savings account seeking opinion.ING has launched a new savings account with the best AER on an easy access account.As a result, I liaise with Lansons, our PR agency, to […]

Smaller company fund sectors to be tightened up

Changes in the definitions of smaller company sectors are being proposed by the Investment Management Association after discovering that many funds are not operating within the set parameters.Sector monitoring by the IMA has found that many fund managers are breaching definitions which restrict funds to invest in companies falling under certain market capitalisation percentages. The […]

China tech and Global Alpha: a new great leap forward

By Robin Geffen, Fund Manager and CEO

Internet giant Alibaba is exactly the type of entrepreneurial company that the high-conviction, top-performing Neptune Global Alpha Fund seeks to invest in. Established just 14 years ago in an apartment in Hangzhou, today Alibaba is larger than Amazon and eBay put together and is challenging some of the most powerful internet companies in the world…

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The value of an investment and any income from it can fall as well as rise and you may not get back the amount originally invested. Forecasts and past performance are not a guide to future performance. Some information and statistical data herein has been obtained from sources we believe to be reliable but in no way are warranted by us as to their accuracy or completeness. These are Neptune’s views and as such this document is deemed to be impartial research. We do not undertake to advise you of any change to our views.


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