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JPMAM’s Thompson to replace Garrood as Henderson CFO

Henderson Group has named JP Morgan Asset Management’s Roger Thompson as its new chief financial officer after Shirley Garrood announced her retirement.

Garrood has been with the asset manager for 12 years and plans to leave the group in March 2014. She will stand down as CFO and director from 1 July 2013.

Henderson chairman Rupert Pennant-Rea says: “Shirley has had an extensive career with the group, the majority of it as chief operating officer and latterly as CFO.

“It was especially in her capacity as CFO that she demonstrated her years of City experience by successfully managing most of the support functions in the group including finance, tax, IT and operations, human resources, legal, IR and strategy and company secretariat. Shirley has made an outstanding contribution to the business and we wish her well.”

Thompson, who was most recently JPMAM’s global chief operating officer, will replace Garrood on 1 July. His appointment is subject to approval from the Financial Conduct Authority.

Pennant-Rea adds: “In his 19-year career at JP Morgan, Roger has held a broad range of roles and has worked internationally, spending time in Tokyo, Singapore and Hong Kong. His wide-ranging asset management experience, both in the UK and internationally, will be a great asset to the group.”


L&G exits with-profits annuity market

Legal and General is exiting the with-profits annuity market and plans to replace the product with an investment-linked annuity. L&G head of strategy for individual annuities Tim Gosden says the firm’s with-profits annuity will be closed to new customers from 15 April following a review of the market. He says the 9,600 existing with-profits annuity […]

NMBA launches adviser apprentice scheme

SimplyBiz’s training arm the New Model Business Academy has launched an A-level entry school leavers apprenticeship programme with the Babington Business College. The apprenticeships last for 12 months and include the Chartered Insurance Institute financial administration exam, an NVQ in providing financial services and a certificate in customer service. Adviser firms can initially apply through […]

Premiership footballers pursue advisers over £14m Ucis losses

Twelve Premier League footballers are pursuing their financial advisers for total losses of £14m after being advised to invest in unregulated collective investment schemes. Claims management firm Rebus Investment Solutions is representing the footballers and says over 200 players have invested over £1bn in Ucis funds in total over the last 15 years. The largest […]


Head to Head: Maximum confusion for drawdown changes?

Should clients that are already taking maximum drawdown have their rate of drawdown automatically increased to 120% of GAD at their next review date? Standard Life’s Alastair Black and Scottish Life’s Fiona Tait explain their opposing views below. There’s no debate about it. The return to the 120 per cent drawdown income limit that applied […]


Case study: administration — managing group life schemes

Our client leads the global market in high-tech electronics manufacturing and digital media. The trustees of the company’s final salary pension scheme insure death-in-service lump sum and dependants’ pension death benefits for active employees, as well as dependants’ pension benefits for deferred members (those who have left service).


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