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HSBC Asset Management chief resigns

HSBC Asset Management&#39s chief executive Paul Guidone has resigned and is to be replaced by Alain Dromer.

Dromer is head of asset management and insurance businesses of HSBC&#39s Credit Commercial de France.

Guidone is to return to the US where he will join J&W Seligman in New York. HSBC investment banking and markets executive director Stephen Green says: “Paul Guidone has been instrumental in the restructure and development of HSBC&#39s global asset management business and we wish him well.”


Changing lifestyle for Axa

Axa Sun Life is introducing a global high income fund, which invests in corporate bonds. Although this open-ended investment company (Oeic) invests in corporate bonds on a global scale, it will mainly consist of European corporate bonds. The European corporate bond market is fairly new compared to the US market and is an area that […]

ScotEq eyes are on protection market

Scottish Equitable&#39s new individual protection product range will offer personal, mortgage and business protection through menu-based products. The new range, available from January 23, will be marketed under the brand name Scottish Equitable Protect. Each menu offers a range of different protection benefits such as life insurance, criticalillness cover and total and permanent disability cover. […]

Divorce discourse

Over the last few months I have discussed, in some detail, the principles relating to the division of the value of pension rights in divorce proceedings, with particular emphasis on legislation which came into force for all divorce petitions on or after December 1, 2000. In this concluding article I summarise the major aspects of […]

ProVen launches new venture capital trust

ProVen Private Equity is teaming up with Downing corporate Finance to launch a new venture capital trust to be called ProVen Media VCT. The new trust will focus mainly on investing in private companies with strong intellectual property, either in the media sector or the ownership and exploitation of a brand. The £30m that ProVen […]


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