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Swip appoints Kevin Addison as head of wholesale

Scottish Widows Investment Partnership has named Kevin Addison as its head of wholesale replacing Tony Maddock.

Swip says it has also promoted Martin Jenkins to the role of London and South East IFA sales manager, adding Addison will recruit for a new sales manager.

Maddock quit the firm in November 2010 to replace Charlie Wilson at Lazard Asset Management.

Addison joined Swip in 2008 was previously head of discretionary sales in the wholesale team. Based in London, he will report to Swip director of sales and marketing John Brett.

Before joining Swip, Addison was regional sales manager at Gartmore.

Brett says: “The developments within the wholesale team will help us deliver our ambitions of becoming the investment provider of choice in the wholesale marketplace and continue to provide clients with the excellent service and expertise they expect in this highly competitive market.”

Swip yesterday announced a new ‘perform’ brand campaign to be unveiled throughout the first quarter of 2011, centred around aviation motifs.


Barclays chief tells MPs – don’t bail out banks

Barclays chief executive Bob Diamond says taxpayers should not bail out banks. Giving evidence to the Treasury select committee this week as part of its inquiry into competition and choice in banking sector, Diamond said the regulator should be able to wind down banks that run into trouble. He said: “No banks should ever be […]


Govt to scrap default retirement age from April

The Government will today confirm it will scrap the default retirement age from April 2011. In July, the coalition announced it was consulting on plans to scrap the default retirement age from October this year. Employers can currently force an employee to retire at age 65. Their only obligation is to hold a meeting with […]

Cazenove Capital appoints non-executive director

Cazenove Capital has appointed Rupert Tyer as non-executive director to the board of Cazenove Capital Holdings.  Tyer has recently retired from Cantillon Capital Management, where he was a founding partner of the London and New York based global equity boutique. He was also been managing director at Lazard Unit Trust Managers, where he was responsible […]

OFT invites Mortgage Brain and TrigoldCrystal merger feedback

The Office of Fair Trading has invited feedback on Mortgage Brain’s proposed acquisition of rival TrigoldCrystal to investigate if there are any “competition or public interest” issues. In December, Mortgage Brain revealed it had agreed terms to buy TrigoldCrystal in a deal which could reach £9.9m. A notification was sent to the OFT for clearance […]

Seeking quality in uncertain markets

By Ewan McAlpine, Senior Client Portfolio Manager In uncertain times, investors naturally seek safety. But in fixed income markets, what does that really mean? Ewan McAlpine outlines the approach RLAM’s Fixed Income Team will be adopting across its credit funds in response to potentially volatile markets this year. Click here for full article


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