View more on these topics

JP Morgan hires River & Mercantile’s Alex Stanic


JP Morgan Asset Management has hired former River & Mercantile head of global equities Alex Stanic as portfolio manager.

Stanic will join the global equities team, reporting to Howard Williams.

He left River & Mercantile at the start of this year after a run of poor performance and outflows on his funds. He was running the Global Equity, Global Opportunities, Global High Income and Overseas Equity funds.

At JP Morgan he will work on the growth equities strategies.

Stanic says: “I am thrilled to be joining JP Morgan Asset Management and to be working alongside a well-established, experienced team of portfolio managers as we look to expand the suite of global equity strategies.”

Previously Stanic worked at Newton Investment Management, leaving in 2009 to join River & Mercantile.



Ascentric posts £1.4m loss after losing biggest client

Ascentric has posted a pre-tax £1.4m loss for 2014 after “disappointing” levels of business saw it lose its biggest client. Last year the Royal London-owned wrap platform reported a £567,000 pre-tax loss for 2013, which it put down to the cost of moving to a new software system. The results of Ascentric’s parent company Investment […]


Guardian hires ex-Old Mutual finance chief as Phoenix circles

Old Mutual’s former finance director Philip Broadley is to become the new chief executive of Guardian Financial Services, according to reports. Sky News reports Broadley will become Guardian’s chief executive as the closed book life insurer deals with a series of takeover approaches from rivals including Phoenix Group. A statement confirming his appointment is expected […]


Neil Liversidge: The immorality of FSCS levies

Despite the anguished howls generated by the latest Financial Services Compensation Scheme levy, there is a certain reticence when it comes to questioning the moral legitimacy of the scheme itself. At this point I should make clear my belief that the FSCS should be completely separated from the protection afforded to bank deposits. I refer […]


Mark Dampier: Mark Barnett steps out of Woodford’s shadow

Mark Barnett of Invesco Perpetual is in high demand. As a manager of three open-ended funds, four investment trusts, and a number of other mandates, he is a busy man. Following Neil Woodford’s departure, Barnett took over management of Invesco Perpetual’s flagship income funds. Some may have viewed this as a poisoned chalice. However, with […]

Stop the cold-calling

Royal London is pleased to support the petition calling for a ban on cold-calling for pension and investment products. The petition, launched by IFA Darren Cooke of Red Circle Financial Planning and hosted on the Parliamentary website, calls on the Government to ban cold-calling for pensions and investment products. A similar ban is already in force […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment