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Norwich and Peterborough appoints new board director

Norwich and Peterborough Building Society has appointed Eric Stobart to its board of directors.

Stobart, former Lloyds TSB Group director of public policy and regulation, will chair N&P’s audit committee.

Stobart says: “From what I’ve seen of the society so far, it is a very customer-focused organisation.

“I think it is very important that we provide help to people looking at options for their long term savings. People are still leaving it far too late to plan for their retirement. As a mutual building society, it is also part of our mission to provide support to our members in looking at their options and to offer advice and products that will help them. N&P is well positioned to help in this area.”

N&P board chairman Gordon Horsfield says: “Eric brings a broad knowledge and deep experience of the UK retail financial marketplace and regulatory regime. He has had a long and successful career in the financial world. We are especially pleased to have secured his services.”


Analysis: US banks under stress

Ten of America’s 19 largest financial institutions might be required to raise a total of $74.6 billion (£49.5 billion) in capital, according to the official American “stress tests”.The institutions had to undergo the stress tests, officially known as the Supervisory Capital Assessment Program (SCAP), so that regulators could determine whether capital buffers were sufficient enough […]

Manager focus: John Bennett

After a three-year underweight to banks, John Bennett at Gam is beginning to buy back into the sector on his two European equity vehicles. The manager of the Gam Star Continental European Equity and Gam Star European Equity funds says banks will not be allowed to go bust, but will be bailed out by their […]

Cultural connection

We have much on our plates as an industry at the moment, dealing with clients in a volatile market on the one hand and preparing for retail distribution implementation in 2012 on the other. It leaves little time to think about changing consumer trends and needs and how we prepare for that.

Is this the endgame for the current mergers & acquisitions boom?

Last year, worldwide mergers and acquisitions (M&A) rose to an unprecedented $4.7tn, according to Thomson Reuters, a 41 per cent increase over 2014. Anthony Forcione, senior equity analyst at Loomis Sayles, an affiliate of Natixis Global Asset Management, looks at what’s been driving this particular wave of mergers. Click here to view full article: Loomis-Sayles


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