View more on these topics

Shock exit from Credit Suisse

Bill Mott has delayed his retirement until the end of the year while Credit Suisse finds a replacement for Francis who is joining Schroder.

Day-to-day management will be taken over by Crispin Finn, who made his name at the firm as a small-cap growth manager, and Phil True.

Only last week, Mott said he was retiring because he was confident that Francis was the right man for the job. But joint head of sales Mark Ingram says the group has been looking for someone new to head the income desk for seven weeks although he denies this is linked to Francis’ departure.

Ingram says: “Mott will continue as strategic adviser, primarily with a top-down macro view, and look at sector allocation and strategy. The CIO has told me that Credit Suisse has been looking for some time to augment the equity team of seven. Some have tried to make out Francis left because he was not supported but look at Bill Mott’s resignation letter. If that is not support, I don’t know what is.”

Hargreaves Lansdown head of research Mark Dampier says: “First, we lose Leigh Harrison and now we have just got used to Errol Francis and he has gone. Credit Suisse’s bosses in Luxemburg and Switzerland say they understand the UK retail market but quite clearly they do not.”

Comment, p47


Deferred Sipp widens options at Pru

Prudential’s new deferred self-invested personal pension is a Sipp that is structured as a fund option for Prudential’s flexible retirement plan.


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