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LVAM appoints head of sales

LV= Asset Management has appointed Matthew Wright as head of sales.

Wright joins from Fidelity International, where he was head of discretionary business. He will report to Ann Roughead, managing director at LVAM.

LV= says Wright is planning to hire further members to his six-strong team, which currently includes three regional sales managers, a national sales
manager and a business development manager.


E&Y sends Lifemark valuation to CarVal

Ernst & Young has undertaken an actuarial valuation of Lifemark’s traded life settlement assets and has submitted it to US hedge fund CarVal, which is considering offering a lifeline restructure deal to the group. The Luxemburg office of KPMG – Lifemark’s provisional administrator – has handed the valuation to CarVal which is in the final […]


Former police detective gets 6 years for £3.7m BTL fraud

A former Metropolitan Police fraud detective was jailed for nearly six years yesterday after admitting to fraud relating to 23 buy-to-let properties worth about £3.7m. According to the Daily Telegraph, in one deal Charles Overend borrowed at least £1.34m for six homes near a river in Surrey, which actually cost around £50,000 less than that […]

New chief Evans sure Axa is on right course

Former chief executive of Axa Life Paul Evans says he will continue with the firm’s existing strategy as he succeeds Nicolas Moreau as chief executive of Axa UK. Evans had been promoted to deputy chief executive of Axa UK following the sale of the company’s life and pensions, corporate pensions and IFA protection businesses to […]


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