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HSBC recruits global investment chief

HSBC Asset Management has appointed Chris Cheetham as global chief investment officer.

Cheetham will be responsible for HSBC&#39s investment strategy and process as well as its team of 250 investment professionals worldwide.

He joins from Axa Investment Managers, where he had been CIO for three years. Before Axa, which he joined in 1996, Cheetham spent 18 years with Prudential Portfolio Managers, where he led the global investment strategy and research team.


DBS fined for misleading ad

The FSA has fined Misys-owned network DBS Financial Management£100,000 for misleading advertising it says did not even “comeclose” to meeting FSA standardsThis is the FSA&#39s first fine for misleading advertising. It says itpenalised DBS for approving an ad for a “protected Isa” and failingto improve its advertising approval procedures between 2000 and 2001.Misys bought the […]

Top ten original mini cash Isas have fallen from grace says IF

Not one of the top ten paying instant mini-cash Isas launched in 1999 when the savings wrapper came to market remains in the top ten paying accounts today according to new research from Intelligent Finance.Only two managed to last out the first year before slipping out of the top ten the online bank says.IF says […]

Destini buys up fourth company

National IFA Destini has made a fourth buy which it says keeps it ontrack to become a top 15 IFA within two years.It latest acquisition is NorthEast-based firm Southwood which has five RIs.The company will join Graham Scott Financial Planning Consultants,Blackfriars and Private Medical Direct in the group, bringingDestini&#39s total RIs to 20.Destini says it […]

&#39Crisis is unparalleled,&#39 says Smee

The extent of the PI crisis gripping the IFA sector is unparalleledsince the beginning of regulation, says Aifa director general PaulSmee.The FSA must be consistent in its approach and be willing tocommunicate with PI brokers, Smee told an FSA-hos-ted workshop forIFAs in London this week.His views were supported by IFA delegates. In an electronic poll […]

The curious market reaction to Brexit

Written by Mike Riddell29 June 2016 Headlines over the past few days have screamed about record falls in sterling, record low bond yields and massive falls in equity prices. However, if you take a slightly longer view of markets rather than simply the one- or two-day reaction, I think it’s amazing how little markets have […]


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