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Northern Rock to double debt management staff

Northern Rock is to double its debt management staff in the coming year due to a worsening economic situation.

The lender warned earlier this month that arrears have more than doubled from the end of last year.

As part of its future strategy, the firm has already stated it plans to halve its mortgage book by 2011.

This comes as the lender sent an internal memo to staff saying that the bank’s debt management team would rise from 176 to 444 by the end of March next year.

It then plans to decrease this to 282 by December 2011.


Fosh moving to Liontrust

Julian Fosh is to join Liontrust UK equities team.
 The former Saracen fund manager will work with Anthony Cross, who runs the UK small-cap process.

E-commerce chief quits Aegon

Aegon head of e-commerce David Campbell is leaving after a restructuring of the IT management team.

Yield results

The overall aim is to allow investors to compare fund yields on a like-for-like basis, helping them understand what yields show and how they are calculated and giving information about the dist-ributions they might receive from funds.

Sierra Leone cover image - thumbnail

White paper — Sierra Leone International Insights

Jelf Employee Benefits assesses the areas that employers should be aware of when considering operating in Sierra Leone, including healthcare access, delivery and insurance provisions. This report draws on various sources to highlight specific considerations for this emerging jewel in West Africa.


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