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Schroders CFO to step down

Schroders chief financial officer Stephen Brooks is leaving the firm in the first quarter of 2009 to pursue other interests.

Brooks will be succeeded by Kevin Parry following a period of transition and Philip Mallinckrodt is to join the board from January 1.

Parry has been a non-executive director at the firm since 2003, chairman of the audit committee and member of the remuneration committee. He becomes an executive director of the company in his new role and will join the group management committee.

Schroders chief executive Michael Dobson says: “Stephen leaves us after having made an important contribution over the past three years. He goes with our thanks and best wishes. I look forward to working closely with Kevin whose role as chairman of the audit committee for the past five years positions him well for his new role as chief financial officer.”


Two wise men

As traders wind down their positions ahead of Christmas, so markets should enter a period of relative calm. Of course, given the extent of recent share price swings, relative could still mean some pretty alarming moves and there is still much going on that will affect investor sentiment.

Vision advisers wait for cash

Advisers with Vision Network, formerly The Mortgage Times, may have to wait until after Christmas to receive late commission payments owed to them.

Time to get infra the upturn

What a terrible year it has been and very well encapsulated in one fund, JM Finn global opportunities. It focuses on infrastructure projects like power and shipping, in fact, anything that is vital if the industrial revolution in emerging markets is to continue. Of course, it was always going to be a bumpy ride but I did not expect it would get so volatile so quickly.


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