Benchmark Capital nabs Premier man after three months

Benchmark Capital has appointed Alex Funk as chief investment officer to “lead the growth” of the Fusion Wealth discretionary investment business. The Schroders subsidiary has nabbed Funk from Premier Asset Management, where he spent the last three months as an investment specialist having joined the firm in May. Funk has previously held senior positions in […]

Schroders acquires majority stake in BlueOrchard

Schroders plans to acquire a majority stake in impact investor BlueOrchard Finance in a bid to expand its sustainability capabilities. The move is expected to “further accelerate” growth in private assets and impact investing in emerging markets. It will help better serve clients who are increasingly seeking investments which have a beneficial impact on society […]

Lloyds profits fall flat as it takes a hit for Standard Aberdeen dispute

Lloyds Banking Group profits have fallen below market expectations, as the bank took a hit of some £339m for cutting its contract short with Standard Life Aberdeen, a quarterly update today shows. Earlier this year, SLA won a dispute with Lloyds over a £109bn investment mandate deal, from which the bank withdrew abruptly last year. […]

Singapore Asia 480

Schroders enhances Asia presence with Singapore acquisition

Schroders Wealth Management has acquired the wealth management business of Thirdrock Group for an undisclosed sum. Singapore-based asset manager Thirdrock with S$3bn (£1.7bn) assets under management will be merged with Schroders’ existing Singaporean business and operate under the Schroders’ brand. Thirdrock employees, including client advisers, portfolio managers and the existing management team, will transition to Schroders Wealth Management offices in […]