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McGarry moves to L&G Investments

Legal & General Investments has named Frank McGarry as sales director. McGarry was previously Insight Investment head of intermediary sales and prior to that was sales director at Cofunds.

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Treasury select committee issues OBR demands

The Treasury select committee has formally demanded that the Office for Budget Responsibility have its independence enshrined in law, as the Government gears up to establish the organisation in statute later this year. The MP committee has called for the OBR to be responsible for appointing its own staff and required by law to be […]

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PRA could bring in rules without any consultation

The Government is considering setting up the Prudential Regulation Authority on the basis that it can implement rule changes without consulting the industry, according to warnings from regulation consultants Bovill. The PRA will be responsible for the prudential regulation of banks and other deposit-takers, investment banks and insurers and will be a subsidiary of the […]

Mobius invests in Greece and mulls Palestine holding

Mark Mobius, executive chairman for Templeton Investments’ emerging markets team, is seeking stocks in a new wave of countries, buying into National Bank of Greece and applying for the ability to invest in Palestine. Mobius says it was possible but unlikely Greece will turn into an emerging market following the eurozone crisis.

 Despite the country’s […]

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