View more on these topics

Portman Building Society chief exec to step down

Portman Building Society chief executive Ken Culley has announced he will retire at the end of the year. He has been in the role for 16 years.

His replacement will be the society&#39s current group operations director Robert Sharpe.

Sharpe will become deputy chief executive with effect from October 1 and will succeed Culley on January 1, 2000.

Culley says: &#34I am delighted that Robert will be succeeding me as chief executive. In the five years since he joined the board as operations director he has made a significant contribution to the success of Portman and has transformed our business operations.&#34


August investment fund sales up over year but down on July

Gross investment fund sales for August 1999 were up 25 per cent over the same period last year according to the latest figures from the Association of Unit Trusts and Investment Funds.It latest figures reveal gross sales of £2.9bn compared to £2.3bn the previous year. But these were down 20 per cent compared to the […]


Halifax moans about copying lenders

Halifax is moaning its rival lenders jam its switchboard looking for guidance whenever the Bank of England alters the base rate. The UK’ largest lender is having a pop at its arch rivals for adopting a ” see what mummy is doing’ attitude whenever there is a base rate change. It claims every time the […]


RBS ponders rival bid for NatWest

Royal Bank of Scotland will decide this week whether to launch a counter bid for National Westminster Bank according to the Financial Times. The bank is said to be considering a move against rival Bank of Scotland who made a £22bn hostile bid for NatWest last week. The FT says RBS had previously held discussions […]

Royal & SunAlliance appoints new head of UK corporate communications

Royal & SunAlliance has appointed Paul Atkinson as head of UK corporate communications.Atkinson was previously a director at financial public relations consultancy Ludgate Communications.He took up his newly created post on September 13.R&SA chief executive Paul Spencer says: &#34As our business in the UK continues to evolve and improve, we are looking to gain more […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment