View more on these topics

People on the move: Investment

F&C has appointed former Henderson chief executive Roger Yates as an independent non-executive director. Yates takes on the role alongside former chairman and senior partner of Pricewaterhouse- Coopers Kieran Poynter with immediate effect. He recently retired as chief executive of Henderson Group, a post he had held since 1999.

RWC Partners has appointed former Threadneedle manager Mike Corcell to launch a US long short equity fund. The fund, planned for launch in the third quarter, will mimic Corcell’s £423m American crescendo fund which he set up and managed at Threadneedle. He spent five years at Threadneedle before moving to SAC Investment Management.

Legg Mason head of retail sales Andy McNulty has been made redundant following a restructure. McNulty’s departure is part of a review of all areas of the business, with his duties to be taken on by head of European sales and client services Justin Eede.

J O Hambro Investment Management has recruited Jeff Keen as director and co-head of fixed income. Keen was previously chief investment officer at TriAlpha Investment Advisors, where he chaired the asset allocation committee and was lead manager on all bond mandates.

Credit Suisse Orient fund manager Boon Yeon has been replaced by Aberdeen’s Hugh Young and his Asia Pacific equity team. The move follows the acquisition of Credit Suisse’s fund range by Aberdeen Asset Management.

Smith & Williamson Investment Management has recruited former New Star fund manager Charles Deptford. He is to take on the management of S&W’s UK equity growth and UK special situations trusts and will also assist Rupert Fleming on the UK long/short enterprise offshore fund.

Former New Star chief investment officer Alan Miller has unveiled his new business venture with two initial exchange traded fund offerings. Miller says his new business, Spencer-Churchill Miller Private, which he started in March, will look to revolu-tionise the private client wealth management industry.



Communication breakdown

Advisers and clients were caught off guard last Monday with the impromptu announcement from the FSA that it had successfully applied for Keydata to be placed in administration on the grounds of insolvency.

The professionals

It is just like old times, 500 words, little inspiration and a fast-approaching deadline. It is more difficult for a retread like me. Can’t use the word “polarisation” or I’ll lose half the younger audience.

Adviser Fund Index

Absolute return funds and bond portfolios were the big winners among cautious investors in last month’s Adviser Fund Index rebalancing session.

Fidelity Intl adding fee service

Fidelity International is developing a new optional service to be compliant with adviser charging. It will fully launch by the end of 2009 enabling advisers to agree an ongoing fee with clients.


MPAA consultation

By Fiona Tait, pensions specialist The chancellor’s announcement of proposed cuts to the Money Purchase Annual Allowance means it will be more important than ever to be able to tell your PCLS from your UFPLS What was in the statement? Not much. The chancellor spared three sentences to inform us that the Money Purchase Annual Allowance will be reduced […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm