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Standard Life begins hunt for Crombie’s successor

Standard Life has announced the process of identifying a successor for group chief executive Sir Sandy Crombie will begin this year.

In a stockmarket alert this morning, chairman Gerry Grimstone says: “Sir Sandy Crombie and the board have agreed that the process of identifying his successor should commence in 2009. There is no fixed timetable and we do not envisage making any further statements about this matter until a successor is confirmed and a timetable for transition is set.”

Crombie will remain group chief executive until his successor has been appointed and a handover process has been completed.

The 60-year-old was knighted in the New Year Honours List for “services to the insurance industry in Scotland”. He has been with Standard Life for 42 years, taking on the role of chief executive in January 2004.


Quarter of top 100 alpha managers are at boutiques

Almost a quarter of Trustnet’s top 100 alpha managers are operating in a boutique environment.Twenty-two boutique fund managers are in the new alpha fund manager rating service which characterises managers through their long-term performance. Firms with managers on the list include River & Mercantile with Dan Hanbury, Rensburg with Mark Hall and Ruffer with Timothy […]

Crunch time for cru

The Arch cru saga continued to make waves this week after it emerged that the fund range was suspended on a number of fund supermarket platforms, days before the funds were pulled by their own administrator.

What would your father say?

So at last the world has a group who are to be more despised than politicians. Sleaze was the word that was used to describe the sort of behaviour that involved politicians using their position to enjoy an upmarket lifestyle or to line their own pockets with what we now see as been relatively small amounts of cash.

Rise of the machines

Head of Sustainable Investing at Royal London Asset Management, Mike Fox, looks at the case for including artificial intelligence within a sustainable investment strategy. Read the article in full here The value of investments and the income from them is not guaranteed and may go down as well as up and investors may not get […]


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