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Edwards, Fletcher and McGhie to retire from Baillie Gifford

Ken Edwards, Chris Fletcher and Jim McGhie have announced their forthcoming retirements from Baillie Gifford and a subsequent succession plan.

Edwards, the head of intermediary sales, is to retire in February next year and be succeeded by Grant Walker. Walker, who has worked in the intermediary area of Baillie Gifford for 10 years, will report to James Budden, the firm’s marketing director.

Walker will also take on responsibility for the firms retail and sales marketing, including investment trusts.

Fletcher and McGhie, the respective heads of retail investments and retail administration will both retire in April 2011. They will be succeeded by John Wilson and Kirsten Fraser, both have both deputised in these areas for over 10 years.


Swap shop

Exchange traded funds are gaining traction, says John Kenchington, but a gulf is opening between traditional offerings and their racier synthetic cousins

Gartmore growth opts to merge into Artemis alpha

The Gartmore growth opportunities trust and the Artemis alpha trust will be merged towards the end of the year, subject to shareholder approval. The proposed merger would happen through a scheme of reconstruction and winding up of the Gartmore trust.

 If the merger goes ahead, the shareholders of the Gartmore growth opportunities trust will have […]

N&P asks for more time over Lifemark complaints

Norwich & Peterborough Building Society has written to customers who were invested in Lifemark through Keydata asking them for three more weeks to deal with their complaints. N&P originally gave a deadline of the end of September to resolve the complaints but, according to The Mail on Sunday, the building society wrote to 189 customers […]

HSBC’s Geoghegan to step down

HSBC chief executive Michael Geoghegan is set to step down at the end of this year after being overlooked for the vacant chairman’s role.


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