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Pignatelli leaving Schroders

Schroders head of European equities Mark Pignatelli is to leave the
group by mutual consent after less than six months in the role.
Pignatelli, who leaves in April, had been Schroders&#39 chief investment
officer until last September, when he was moved to the European
desk. He did not run any funds. Head of global equities Ken
Lambden will assume the European role in addition to his current


Crombie says mutuality is not the firm&#39s mantra

In a dramatic U-turn, new Standard Life chief executive Sandy Crombie says the company&#39s board has never been “religiously associated” with its mutual status and is ready to reconsider.In an interview with Money Marketing this week, Crombie says Standard&#39s board feels strongly that the “set of conditions” emerging in the market look different and that […]

FSA says it poses a risk to firms

The FSA has admitted its own actions pose a risk to firms and as a result puts pressure on itself, in a statement identifying risks in the coming year.The statement concedes that the regulator&#39s own actions will add risk to the marketplace, stating that the substantial volume of reform will create pressures on firms&#39 resources.Chairman […]

Relocation on the menu for ScotProv

The rumour mill says Scottish Provident employees started getting jittery about their jobs when a For Let sign went up outside their office in St Andrew Square, Edinburgh, late last year and then quickly came down.Then catering staff began talking about how their contracts were not being renewed.ScotProv&#39s parent, Abbey, has now revealed that 900 […]

Marlborough Stirling in exclusive contract negotiations

A business update from Marlborough Stirling reveals the group is in exclusive negotiations in relation to a number of contracts it is confident will be secured in the near future. It says if the negotiations are concluded successfully 2004 turnover visibility would increase by around £10m. Marlborough Stirling expects turnover for 2003 to be in […]


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