View more on these topics

Russell to head UK equities at HSBC

Lazard head of UK equities Tim Russell is quitting to join HSBC Asset Management after being headhunted as a replacement for the retiring John Knight.

Russell, who managed Lazard&#39s income unit trust, will head HSBC&#39s UK equities division and run its UK equity income unit trust.

Also leaving Lazard for HSBC is Wade Pollard, who managed the UK income & growth unit trust.

Lazard Unit Trust Managers managing director Rupert Tyer says Russell&#39s res ponsibilities will be assumed by Richard Smith, who manages the UK smaller companies unit trust.

Tyer admits that Russell, who is well respected by investment IFAs, is a big loss to the company.

He says: "There are very few fund management companies at the moment that are not going through some form of change. There is a huge amount of upheaval in the industry and this should be put into context."


Towry Law names Black as chief exec

Towry Law announced at its annual general meeting last week that Douglas Black is to become permanent chief executive. Black was brought in on a rolling 40-day contract when former boss Alan Wesley stood down in September after 23 years with the company.

DAvy hits back at new Liddell attack on DBS

DBS has come under fire from Treasury economic secretary Helen Liddell for lack of progress in the pension review. Liddell has publicly criticised DBS for figures which show a doubling in the number of its review cases. But DBS chairman Ken Davy says the figures for the 1,800-member network include non-priority phase two cases, which […]

L&G IFA distribution channel grows 50%

Legal & General is to increase its focus on the IFA market, with intermediary business outgrowing all other parts of its business. The company&#39s annual profits increased by 20 per cent to £349.6m from £291.4m, with life and pension profits up by 11.5 per cent to £230.8m from £207m. The results show strong growth through […]

Barclays no-load Pep offer

Barclays Global Investors is looking to help IFAs kickstart Pep sales for the new tax year with a no-load Pep offer. It is aiming to get brokers to persuade clients to buy Peps as well as unit trusts early in the financial year rather than in a scramble at the end of the tax year. […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    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