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People on the move: Investment

Former Gartmore head of multi-manager Bambos Hambi has joined Insynergy Investment Management. He has taken up a senior consultancy position with responsibilities which include business strategy and product development.

Fidelity global focus fund manager Brenda Reed is to leave the firm after 18 years. Reed, who has managed the £334m fund since January 2003, is joining New York-based hedge fund firm <I>George Weiss Associates. </I>Her responsibilities have been passed on to Amit Lodha.

Liontrust says it has appointed Mark Allpress as its head of retail distrib-ution. He previously worked at Old Mutual Asset Manage-ment, where he was also the head of retail distribution but was made redundant earlier this year. Prior to that, he was sales director at BNY Mellon, from January 2000 to August 2008.

BlackRock’s head of the UK smaller companies team Richard Plackett has handed the management of his BlackRock UK smaller companies fund to Ralph Cox, Cox has been managing the £328m fund alongside Plackett since August 2007.

Former LV= Asset Management head of multi-manager Tom Caddick is joining Santander Asset Management as head of multi-manager, taking over from Keith Speck. Former LV= Asset Management principal fund manager Toby Vaughan will also join the Santander AM multi-manager team as a fund manager.

Legal and General Investment Management has appointed Robert Churchlow as its new head of active equities. Churchlow takes over the role from Mark Burgess, who is leaving the firm to join Threadneedle as chief investment officer early next year. Burgess is replacing current chief investment officer Sarah Arkle.

Aegon Asset Management has appointed Daniel Uhlemann as a quantitative analyst within its fixed-interest team. Uhlemann joins Aegon from Royal Bank of Scotland, where he was a senior analyst within its UK corporate modeling team. Prior to this, he was an analyst at Lloyds Banking Group, as well as HBoS.



TLS defended after Lifemark debacle

Traded life settlement provider Mosaic Caribe and distributor PDL International have defended the TLS market in the midst of the Lifemark debacle and FSA concern about the products. US-based Mosaic Caribe and its UK distributor, PDL International, say that contrary to popular views, the TLS market can offer non-correlated, secure returns for investors seeking long-term […]


FSSC restructures to become charity

The Financial Services Skills Council is restructuring to bec-ome a charity and will rebrand as the Financial Skills Partnership in January.Chief executive Liz Field says the rebrand reflects the council’s new focus and the range of employers it represents. She says: “The change of name reflects the change in culture in the organisation.We are the […]


Bank of England governor warns UK facing ‘sober’ decade

The Bank of England governor Mervyn King has warned that the UK is set for a ‘sober’ decade as it looks to recover from the financial crisis. Speaking to the Black Country Chamber of Commerce on the eve of the Spending Review, King said that the next decade would be defined by “savings, orderly budgets […]


A common sense approach to RDR?

It would be disingenuous to assume that the FSA does not conceive its initiatives with the best intentions. However, as we are now in the last quarter of 2010 the reality of the RDR becoming a catastrophic failure must weigh heavy on the FSA RDR architects behind closed doors. It was reported earlier this year […]

Certification guide

Guide: how to… certify your pension scheme

Certification is highly complex and surrounded by a minefield of information and auto-enrolment jargon, which can make it very difficult to understand. However, for many employers it is a necessary process that must be executed successfully.


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