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Sarasin&#39s Jennings moves to Morley

Institutional fund manager Morley has poached Sarasin EquiSar manager Michael Jennings to head up its new global thematic investment division.

Jennings, who has been at Sarasin for 13 years, will take up his new position in two months.

Sarasin chief investment officer Guy Monson will now assume control of the EquiSar fund.

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Depolarisation survey sends a warning to IFAs

The IFA channel will dominate distribution in the early years of adepolarised environment but will lose market share to bancassurers ande-commerce over time, a new survey suggests. IFAs are the preferred advice channel for 41 per cent of higher-earning UKadults, with another 13 per cent saying they would approach a multi-tiedadviser and 22 per cent […]

Aegon adds two directors to management team

Aegon UK has added to its executive team. Group IT director David Bradley, who is responsible for co-ordinatingtechnology development throughout the group, is appointed to the Aegon UKexecutive for the first time. Former Scottish Amicable marketing director Gavin Stewart, who arrived atAegon in February, joins the board as group development director withresponsibility for evaluating and […]

Nationwide wins most coverage in mortgage war

The growing popularity of remortgaging has taken the war between toplenders into a new phase and influenced national media coverage in June,claims media analyst PressWatch. Its monthly analysis found the high profile of mortgages helped NationwideBuilding Society receive more mentions in the media than any otherfinancial services company. Nationwide chief executive officer Brian Davis ended […]

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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