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JP Morgan appoints Aberdeen’s McKenzie

JP Morgan Asset Management has appointed Charles McKenzie as head of client portfolio management for Europe, Middle East & Africa in the global fixed income team.

McKenzie joins from Aberdeen where he was head of fixed income for Europe, Middle East & Africa.

In his new role, McKenzie will be responsible for client management, product design and new business development for the region. (article continues below)

JP Morgan Asset Management chief investment officer for global fixed income, currency and commodities Bob Michele says: “Charles’ appointment represents another significant hire to our fixed income team and reaffirms our commitment to delivering the very best service to our fixed income clients.”


Ex-Lifeboat team help set-up new non-advised service

Former Principality Building Society head of group financial services Neal Pritchard and IFA firm Network Direct are setting up a new portal which will allow clients to invest directly or through an IFA. Moneymappers is set to launch this month and will allow clients to conduct simple non-advised business, with the option to speak to […]


How much is an MP worth?

The body in charge of setting MPs’ salaries and pensions has launched a public consultation on whether MPs are giving the public value for money. The Independent Parliamentary Standards Authority was set up in the wake of the MP expenses scandal. IPSA has already introduced a pay freeze for MPs and a 1.85 per cent […]


Aviva loses shareholder vote on executive pay

Aviva has lost a vote on executive pay at its annual general meeting. According to the BBC, 54 per cent voted against the remuneration report at the AGM. Earlier this week, Aviva announced it was to review how it sets executive pay after a number of shareholders voiced concerns about pay levels following the publication […]


FSA sets up £100m Arch cru consumer redress scheme

The FSA has launched a three-month consultation into establishing a consumer redress scheme to compensate Arch cru investors. If the scheme is set up all firms which sold Arch cru funds would have to contact clients to let them know if their case falls within the remit of the scheme within four weeks. Where redress […]

The Merchants Trust PLC – April 2017

Welcome to the latest update for The Merchants Trust PLC from the Trust’s portfolio manager, Simon Gergel. Portfolio Review The Merchants Trust reported results this month and the directors were pleased to announce a 35th consecutive year of dividend growth (subject to shareholder approval at the AGM). The Company is proud to be highlighted as […]


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