Paymentshield has appointed Tim Johnson as its new chief executive. He replaces Stuart Pender, who becomes non-executive chairman. Andy Halstead, formerly of Erinaceous Insurance Services, will be sales and marketing director.
While the problems for the Japanese economy are certainly not over, the world could be surprised by a quicker-than-expected recovery, says Scott McGlashan, the senior manager of the JO Hambro Capital Management Japan fund.When selecting holdings for his £140m fund, which is invested across 23 different sectors, he looks for stocks that are particularly undervalued. […]
Invesco has sealed a deal to acquire OppenheimerFunds as the firrm looks to break into the top 10 global investment managers. The deal will see OppenheimerFunds parent Massachusetts Mutual Life Insurance Company sell the asset manager to Invesco, with MassMutual taking a 15.5 per cent stake in Invesco in return. Invesco will manage $1.2trn (£920bn) […]
Advice firm consolidator Newell Palmer has acquired midlands IFA Sense Wealth Management in a deal adding another £35m to its funds under management. The purchase is the 51st acquisition made by Newell Palmer since it began trading in 1993. The £35m is split between around 100 active clients from Sense, who will all transfer over […]
Three directors have been named to the board of the newly-launched Single Financial Guidance Body. The Department for Work and Pensions has appointed former National Employment Savings Trust chief executive Tim Jones and Royal Bank of Scotland director for products Moray McDonald as non-executive directors. University of Bristol emeritus professor Elaine Kempson will also join the board. […]