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Insight picks Amex&#39s Burgess for equity chief

Insight Investment has recruited Mark Burgess from American Express Asset Management as its head of equities.

Burgess, who is expected to join Insight in March, was chief investment officer at AEAM. He has also worked as the London-based global chief investment officer for Colonial First State and held a number of senior fund management positions during his time at Bankers Trust in Australia. He will be responsible for equity investment research and management across all markets.

Chief investment officer Abdallah Nauphal says: “Mark is a talented investor and we are confident that he has the skills to further develop Insight&#39s already strong investment and research teams. His focus on managing the teams and helping us to develop investment processes will be important contributors to our success as a provider of high-quality investment products.”

Monthly income fund manager Tim Rees is to take over Insight&#39s equity high-income fund as current manager William Claxton-Smith is to focus on corporate governance. Rees had been deputy manager to Claxton-Smith – who plans to relinquish fund management altogether – for eight years.


Standard Life Bank unlikely to be affected

The industry does not believe Standard Life Bank will be affected by the changes currently shaking Standard Life. Legal & General head of publicity and press relations John Morgan says although the ownership of SLB might change within Standard Life, there is no reason for it to be sold if it is making a profit. […]

Asset allocation puzzles three-quarters of savers

Nearly three-quarters of investors do not understand the meaning of asset allocation, says JP Morgan Fleming. In a survey of 578 savers and investors, only 27 per cent correctly defined asset allocation as the way in which a portfolio is spread across different types of investment. Nine per cent thought it referred to borrowing money […]

Lighthouse shares for advisers

Lighthouse is to offer shares to a vast majority of its advisers, making cash payments totalling £150,000 and issuing options of over 1.2 million shares at an exercise price of 1p each. This amounts to around 3.4 per cent of the issued ordinary share capital of Lighthouse Group. The options have an aggregate value of […]

Out of context

•”I think it&#39s time for me to find a new boyfriend.” – AITC PR executive Jemma Jackson expresses disappointment with the dressing gown and slippers she received for Christmas. •”You don&#39t need a passport but you do need protection.” – Scottish Widows head of marketing Peter Jordan on a forthcoming trip to Wolverhampton. •”First I […]

The Day of (B)reckoning

A period of exceptional uncertainty started last Friday for the UK, including a fierce leadership battle in a deeply divided Conservative party, the timing of the trigger of the EU’s Article 50, as well as a potential referendum in Scotland, and Northern Ireland. Click here to read the full article


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