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TMB quartet quit for Deutsche Bank

Four directors of The Mortgage Business are joining Deutsche Bank in what is the bank’s clearest indication yet that it is moving into lending in the UK.

Deutsche has recruited TMB managing director Bill Dudgeon, sales and marketing director Mark Bergin, strategy and planning director David Parry and operations director Paul Graham. The four will be taking on the same roles at the new Deutsche business. Although no site has been identified, they will for now be remaining in Chester.

Dudgeon is being replaced by HBOS executive Nigel Payne, reporting to Nigel Stockton, director of HBOS intermediary mortgages. Senior managers John Sleigh, Robert Holmes and Barrie Knox will take on wider roles within the TMB business.


Fund managers shun volatile commodities

The resource-driven markets posed a major dilemma for UK equity income fund managers in the first seven months of this year , says Standard & Poor’s latest update on the sector. S&P fund analyst Michael Hockings says some managers were reluctant to invest in sectors where profits are dependent on commodity prices and trends are […]

No designs on Keydata

We received numerous promotional packs from Keydata on its new secure income bond which at first glance looks extremely enticing. Income of 7.5 per cent a year with very low risk is quite a combination and with no link to any stockmarket either. I asked our network for their comments and part of their response […]

Reality bites

Last week, I reviewed the increasing and seemingly inexorable rise in the importance of searching for the commercial reality in tax planning transactions in order to ascertain how effective they would be in achieving their purpose.

Small is bountiful

I have often wondered why large-capitalisation stocks form the bulk of many a private individual’s portfolio and are what my mother means when she asks me: “What has the stockmarket done today?”


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