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West Brom to appoint new chief executive

West Bromwich Building Society will have a new chief executive next month.

Chief executive designate Stephen Karle takes over the reigns from the retiring current chief executive Andrew Messenger on Sunday October 1, 2006.

Karle joined West Brom in 1995 as secretary to the society, having previously worked as a solicitor. He was appointed to the board in 2000.

West Brom chairman Dr Brian Woods-Scawen says: “Stephen Karle is the ideal individual to lead the West Brom. His expertise and experience, allied to a track record of delivering outstanding results, together with his gift for getting the best out of people, make him the person to help sustain a record of success that has made the wider world sit up and take notice of the West Brom. I look forward greatly to working with him.”


IFA warns wraps offer compliance bypass

Wrap platforms can be used to bypass network restrictions on the amount an adviser can invest with a single provider, says Family Office IFA Sebastian Lyle. Lyle told the Money Marketing Wrap Round Table last week that Positive Solutions puts a 20 per cent cap on the proportion of money its members can invest with […]

People on the move

InvestmentRod Davidson has joined Scottish Widows Investment Partnership as head of fixed income from Aberdeen Asset Management, where he held a similar position. Jamie Hooper, manager of the F&C UK equity fund, is joining Framlington in November to manage the UK growth fund currently being managed by Nigel Thomas since Chris Murphy left the group […]

Mutuals going to the ball

“Mature, well-endowed Mutual WLTM trim attractive partner. Must have GSOH and a specialised lending division”. Perhaps not how it happened, but nonetheless the intriguing union between Nationwide and Portman announced last week carries significant portents for many.

Can UK companies satisfy global appetites?

By Mark Martin, Manager of Neptune UK Mid Cap Fund

Rapid economic and income growth is leading to a dramatic shift in diet towards protein products right around the globe. UK companies such as Genus, the world’s largest livestock breeder, are benefiting from this increasing demand. Mark Martin, manager of the Neptune UK Mid Cap Fund, discusses this investment theme.


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