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Mortgages Director appointed at the Derbyshire BS

Brian Carney has been appointed as a specialist mortgages director at Derbyshire Building Society.

Carney will be responsible for developing the building society&#39s home loans, intermediary lending and registered social lending.

He has come from HSBS where he was the head of commercial team lending and as the director of Forward Trust. Previous to that, he was the finance and operations director at Midland Bank and First Direct.

Carney says: “I am excited by the prospect of contributing to the Society&#39s far reaching transformation strategy by developing new lines of business and helping bring the Society&#39s core proposition, based on excellent customer service and fairness, to a wider customer audience.”


Aberdeen sacks Murray Johnstone VCT chiefs

Aberdeen Asset Management has sacked the heads of its subsidiary Murray Johnstone Private Equity and taken management of the four Murray VCTs back in house. Jonathon Dickinson and John Simpson have left the group after a failed management buyout. The four portfolios, which have combined assets of £77.4m, according to Trustnet, are now being run […]

Experts say protection levy of £20 &#39unrealistic&#39

Pension experts have hit out at the plans to set the pension protection levy at £300m a year, arguing that it will be insufficient to protect workers and will create a shortfall. Speaking at a Royal London fringe event at the Labour Party conference, pensions minister Malcolm Wicks said the levy would be set at […]

Product Matters

The almost totally foreseeable failure of so many precipice bonds has brought the guaranteed investment product to the fore. Even the Govern-ment is getting in on it through National Savings. The new ninth issue offers a gross return equal to 105 per cent of any growth in the FTSE with no capping, guaranteed to repay […]

Investors worried about six key issues

The chief investment officer of Merrill Lynch Investment Managers has highlighted key worries of clients.Mlim president Bob Doll says that investors are concerned about economic expansion, corporate earnings, interest rates and inflation, oil prices, terrorism and politics.Doll reckons that the fluctations caused by these issues is making a trendless market where diversification remains the best […]

Three catalysts for European equities

By Rob Burnett, Manager of the Neptune European Opportunities Fund In recent weeks, the bear case for European equities has become more pronounced on the back of weaker-than-expected GDP data and deflation concerns. This softening in economic momentum has led some investors to question whether the ECB is behind the curve and indeed whether it […]


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