Private bank and wealth managers Kleinwort Benson has been sold by Commerzbank to Brussels based RHJ International for £225m in cash.

Rathbones is in discussions with Lloyds over the sale of the banking giant's non-core private client discretionary management activities.

Octopus Investments will launch a Secure VCT which it says will cut investors' income tax bill, keep capital secure, and allow a clear exit after five years.

John Flint has been appointed as chief executive of HSBC Global Asset Management.

Investec Asset Management has added former hedge fund analyst Theodore Stamos to its credit team.

Jupiter has appointed Mark Ingram as regional sales manager, marking the final change in the recent reorganisation of its sales team.

Odey Asset Management has recruited Simon Todd and Michael Nickson from US group MFS to run a new long-only global equity fund.

An ounce of gold now costs an all time high of $1,043.77 after a dip in the dollar boosted the attractiveness of metals to investors.

Standard Life has lifted the queuing system for customers wishing to surrender, transfer or switch money out of the company's UK unit-linked life and pension property funds.

Bank of England veteran Peter Westaway is joining Nomura as chief Europe economist.