Resolution Asset Management has completed its search for a third senior European equity team member having rec- ruited Singer & Friedlander head of European equities Ian Ormiston.Ormiston joins European team head Adrian Darley and Jonathan Fearon, who arrived recently from Gartmore. Tim Callaghan was origin-ally earmarked to head Resolution’s new European in-house team after resigning from Gartmore and signing a contract with Resolution along with his two former colleagues. However, Gartmore chief executive Jeff Meyer pursu-aded Callaghan to remain with the group by offering him an improved equity stake in the business following the management buyout three months ago. Ormiston will be joining Resolution in January in the role of investment director, European equities. He will share responsibility for running the group’s core retail and institutional European equity portfolios with with Darley and Fearon. The group’s high alpha funds, run by Argonaut Capital fund managers Barry Norris and Oliver Russ, will remain distinct from these funds. Resolution sales and marketing director Jonathan Polin says: “This is our third senior appointment to the European team and it completes our current recruitment plans in this area.”
Bright Grey product marketing manager Alison Flintham is leaving the firm in January to play for the Scottish team in the touch-rugby World Cup.
IFA reaction to Jupiter’s planned global income fund has been mixed, with some advisers voicing concerns that star manager Anthony Nutt may become overstretched. Nutt already runs £4bn in retail money split across the £3.4bn income and £600m high-income trusts. Bestinvest head of communications Justin Modray says: “My main concern would be whether they are […]
Standard Life has purchased a 10 per cent shareholding in Simply Biz as part of the continued development of its distribution strategy.
Gartmore has made two senior appointments to its global emerging markets team.Sebastian Barry-Taylor joins next month as global emerging markets analyst covering the global consumers sector. He was previously at JP Morgan where he was vice president LatAm and CEMEA. Richard Clode joins from Herald Investment Management in January as global emerging markets analyst covering […]
Nearly 12 months since sweeping to power, prime minister Narendra Modi has overseen a significant turnaround in India, which is now on track to become one of the most pro-growth, pro-investment economies in Asia. While the market has rallied 48 per cent over the last year in response to Modi’s reform agenda, what is the potential for further progress?
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The Children’s Investment Fund has asked the FCA and Bank of England to appoint a new chairman at the London Stock Exchange over fears corporate governance is not up to scratch. TCI, which holds a five per cent stake in the exchange, feels the forthcoming departure of LSE chief executive Xavier Rolet has not been […]
When the pension freedoms were first introduced, I could not help thinking it was a clever device to accelerate the income tax take. Instead of waiting many years to take income tax against modest annuity income payments, the government could grab a larger handful straightaway. After a couple of years of reflection, I still think […]
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