View more on these topics

Tookey quits Lloyds to be CFO at Friends

Lloyds Banking Group finance director Tim Tookey is leaving to join Friends Life as chief financial officer.

Tookey became group fin-ance director and a board director in 2008 and will leave Lloyds in February 2012. The bank says it has started looking for a replacement.

Tookey says: “This has been an important period for the group and I am pleased to have played a part in defining the next stage of the strategy which I fully endorse as the right one to realise the group’s potential.

“With its implementation now under way, this felt like the right time to consider a different challenge.”

Scottish Widows chairman Lord Leitch announced this week he is retiring at the end of the year.

Lord Leitch, who is also chairman of Bupa and Intrinsic Financial Services, says he made the decision to retire in light of other business commitments.

The former Zurich Financial Services chief executive will continue as an adviser to the board for its insurance and Scottish activities.

Lloyds chairman Win Bisch-off says: “The board and I have accepted with reluctance Sandy Leitch’s wish to retire from the board after more than six years but respect his commitment to his other roles and the consequent demands on his time.

“He has been an outstanding colleague with a well developed commercial sense and a deep interest in our people.”

By Rob Langston


Ocean Dial looking to India

Ocean Dial Asset Management is considering launching sector-specific Indian funds as it develops its range of niche products. Last week, parent company Caledonia relaunched India Investment Partners as Ocean Dial Asset Management and took 100 per cent ownership of the boutique. The firm was previously 60 per cent owned by two private stakeholders, James Winterbotham […]

European Commission looks at synthetic ETF crackdown

The European Commission has warned of the dangers of synthetic Exchange Traded Funds and said some firms were using Ucits rules as a “shield” for using them. In a speech at the FSA Asset Management Conference in London today, EC head of asset management Tilman Lueder added there were concerns around using derivatives as exposure […]


Fay Goddard: Welcome to the new world

September is the busiest month of this year for both the Personal Finance Society and me personally. The month kicked off with the first of five autumn roadshows, where myself and some of the PFS team are talking to members and non-members about how we operate, what we are doing now and what the future […]

Skandia and Fidelity reject call for clean class

Skandia and Fidelity have both ruled out following Cofunds’ lead in asking fund managers for a clean share class, with Fidelity claiming the move could reduce the range of funds available to advisers. Last week, Cofunds announced that as part of its new unbundled pricing model, it is requesting a clean share class from fund […]


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