View more on these topics

Rothschild to set up Mom arm

Rothschild Private Management is setting up a manager of managers operation under Neil Jenkins, the former head of Axa Investment Managers&#39 multi-manager service.

Jenkins, who left AIM in June after two years, is joining Rothschild in September to build an operation servicing the bank&#39s 800 wealthy private clients. The service, which Rothschild hopes will be running by next February, will sit alongside its existing discretionary portfolio management service.

Rothschild head of marketing James Thompson says the move is part of the bank&#39s overall shift towards wealth management after offloading its funds of funds operation to Insight Investment in December 2001. He says existing staff will help Jenkins run the operation, with no new recruits planned.

Jenkins joined Axa as managing director of multi-manager in January 2001 after 15 years with Morgan Grenfell, latterly Deutsche Asset Management. He was unavailable for comment.

Thompson says: “This is part of our change from discretionary management to banking and investment management.”

Recommended

Prudential cuts dividend by 40 per cent

The Prudential has announced it is slashing its half-year dividend by 40 per cent, down to 5.3p per share compared to 8.9p per share in the same period last year.The news comes as the Group announces its half-year results which saw profits in its UK and Europe Insurance Operations of £174m compared to £337m last […]

Suite nothing is the verdict of IFA bodies

IFA trade bodies have joined forces to lambast the Treasury&#39s Sandler suite of products, saying they will accomplish nothing towards closing the savings gap.In a discussion paper produced by Sofa, the LIA and the Institute of Financial Planning, the bodies argue that the greatest problem in targeting financially unsophisticated consumers is getting them to save […]

Court says Equitable can sue for £2.6bn

Equitable Life has been given the green light to sue former auditors Ernst & Young for up to £2.6bn after the Court of Appeal threw out an earlier ruling disallowing most of its claim.The case is expected to start in October next year, with Equitable claiming that E&Y breached its duty by not telling the […]

Stonebank&#39s Standard campaign dealt blow

Standard Life carpetbagger David Stonebanks has suffered a serious setback in his campaign to demutualise the company, with the insurer rejecting his request for a special general meeting to vote on the issue.Standard Life says it has been advised that none of the resolutions set out in the request are valid and can not be […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    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

    Email: customerservices@moneymarketing.com