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Rose moves into chalet business

Chandos Rose founder Philip Rose is taking a back seat at the firm to set up an Alpine chalet rental business.

He remains a shareholder in Chandos Rose following its merger with Hampshire-based IFA Chadney Bulgin last August and will maintain a strategic role in the business but will concentrate on his new venture.

Chandos Rose has been subsumed under the Chadney Bulgin brand. It was formed in 2007 by ex-Wentworth Rose head Rose, along with ex-Wentworth Rose directors Ray Peyre, Mark Chandler and Malcolm Thomas.

In June 2002, Aegon took a 50 per cent stake in Wentworth Rose and bought the remaining half in April 2004. The firm was later rebranded as Origen.

Rose says: “I am involved in a more strategic role. I am developing another business which involves buying and renting out chalets and apartments.”


Taken on trust

Especially in the years of burgeoning residential property and investment values, inherit-ance tax was a hot topic.

Employee benefit firms in merger

Towers Perrin and Watson Wyatt are to merge to create the world’s biggest employee benefits consultancy. The new firm is to be called Towers Watson & Co, with Watson Wyatt chief executive John Haley becoming chief executive and Towers Perrin chief executive Mark Mactus becoming president.

Sub-Saharan Africa Near-Term Outlook

By Paul Caruana-Galizia, Neptune Economist

Sub-Saharan Africa’s economic renaissance continues. After growing at an average rate of five per cent over the past decade, the IMF projects an acceleration to 5.5 per cent growth among Sub-Saharan economies in the next two years, as developed economies emerge from the crisis. We expect this growth to be sustainable for three broad reasons.


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