Barclays Wealth has appointed Alexis Xenophontos as the chief operating officer of its investment & product office. Xenophontos joins Barclays Wealth from the investment solutions division of UBS Global Wealth Management & Business Banking. He will commence the new role on February 1 2007 and will report to the firm’s chief investment officer and head […]
Misys says it is expecting Sesame’s network to see a drop-off in numbers in favour of multi-tie proposition Sesame Select.The group, which last week issued its interim results for the six months to November 30, 2006, says there are curr-ently 1,450 registered individuals signed up to Sesame Select and it expects this will lead to […]
Fundsnetwork is amalgam-ating its sales and market-ing teams. Head of sales Simon Burgess and north regional sales manager Jacki Platt are leaving. Head of marketing Rob Fisher will run the team and further job cuts are expected.
The Financial Services Compensation Scheme is pursuing precipice bond providers for up to 30m in an effort to recover cash paid out on misselling claims where the adviser firms have gone bust.Letters have been sent to relevant providers in the last month, signalling the FSCS’s intent to recover the money it has paid out to […]
CYBG has completed its takeover of Virgin Money bank in a deal worth £1.7bn today. The parent company of Yorkshire Bank and Clydesdale Bank says the deal will lead to the UK’s “first true national banking competitor to the status quo.” The combined company has over six million customers with around £70bn of customer loans, […]
Protection Review chief executive Kevin Carr looks at recent market events Moving forward on mental health Some say perception is reality and, in a world driven by social media and sensitivity, the way people see things is their truth, regardless of whether their conclusions are accurate or feasible. This is not a bad way to […]
The FCA is proposing new measures to force financial services firms to disclosure how they disclose climate change risk as it zones on in the investments pension funds make. The regulator has released a discussion paper today looking atthe effects that climate change and switching to a low carbon economy will have on the UK’s […]