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HSBC Pan-European team gutted by Cazenove

HSBC&#39s five-strong Pan-European team – including star fund managers Tim Russell and Chris Rice – has resigned to join Cazenove.

The five fund managers, also including Julie Dean, Steve Cordell and Wade Pollard, are expected to join Cazenove over the coming weeks, although Russell and Rice are believed to be locked-in for four months.

Until now, Cazenove had been a small player in the market, concentrating principally on its fund of funds offering.

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