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HBOS picks new fund directors

HBOS is appointing four new directors to its fund management arm ahead of the launch of the new brand this year.

The new brand which will be created through the mer-ger of the asset management businesses of Clerical Medical, Halifax and Equit-able Life will have over £64bn under management.

As part of the move, HBOS is setting up a new intermediary sales team of 12, headed by Stuart Alexander who becomes sales director. Alexander has been with HBOS since January 2002. Also part of the team are Graham Bowden who joins as regional sales director from Beeson Gregory Investment Management where he was sales director.

Mark Dunn joins as regional sales director from Lombard Odier, where he held the post of business development manager. He will focus on the discretionary market in London and the South-east.

Kevin Condon joins the team as business development director, responsible for developing a partnership programme with the national accounts department.

Condon joins from AMP where he was head of national accounts.

Two more regional management posts are to be announced shortly

Alexander says: “We now have a first-class senior sales team. We are committed to developing a major presence in the intermediary market, and I am convinced that we will become a market leader.”

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