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L&G investment head to retire

Legal & General director of investments David Rough is to resign after 10 years in the post.

Rough, who will leave in June 2002, joined L&G 22 years ago from Royal Insurance. He will be succeeded by L&G managing director (index funds) Tim Breedon.

Rough says: “The next phase of development, which will include boosting our active management team and taking our index capabilities into Europe, requires management committed for, I believe, at least the next five years.”


Exeter doubles up with Oeic

Exeter Fund Managers has introduced its second Oeic &#45 the hidden value portfolio. The fund is a departure from the company&#39s first Oeic, which invests in zero-dividend preference shares, as it invests in UK stocks. There will be a concentrated portfolio of between 30 and 40 stocks selected by using a blend of stockpicking techniques. […]

Gerrard Investment Funds to merge with Old Mutual Asset Managers

Old Mutual is to merge Gerrard Investment Funds with Old Mutual Asset Managers.The combined operation will operate under the Omam name and will be run by current Omam chief executive John Ainsworth.The Gerrard brand will remain only for Old Mutual’s private client services, charities and smaller pension funds.Old Mutual Financial Services chief executive Edmond Warner […]

Communications chief McMeehan quits Autif to set up consultancy

Autif director of communications Anne McMeehan is to leave the trade body to set up a financial consultancy business.McMeehan is teaming up with Jain Castiau to launch the firm, Cauldron Consulting, in the new year.Castiau was formerly a managing director of UBS Warburg&#39s European e-business services.The new company will offer communications and marketing consultancy services […]

Davies vows to review Treasury loan decision

FSA chairman Howard Davies has promised to conduct a rev-iew of the Treasury&#39s decision not to regulate mortgage adv-ice very soon and could recommend regulating advice if the current set-up is not working.Davies&#39 comments before the Parliamentary Treasury select committee this week mark a departure from previous FSA statements.The regulator has said in the past […]


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