Sanlam Private Wealth has hired Distribution Technology's Rob McDonnell as head of business development.

Old Mutual has set the price for its planned sale of 13.3m shares in its US asset management business to raise money for "general corporate purposes".

Legal & General is understood to be considering a sale of its Cofunds platform, just over two years after it sealed a deal to take full ownership.

The Investment Association (IA) has reopened discussions with members over how to reorganise its sector classification system after an initial consultation proved inconclusive.

Some of the UK's largest asset management firms are preparing to quit their London bases if the country votes to leave the European Union, according to reports.

Three former Brewin Dolphin directors have joined forces to launch their own investment management firm, Brighton Capital Management.

Improving employment figures in the US are encouraging Premier Asset Management's Jake Robbins to increase his exposure to US healthcare companies.

Thesis Asset Management has launched a UK equity-only model portfolio that invests in direct securities rather than funds.

Schroders has expanded its range with the launch of an emerging markets multi-asset income fund.

Troy Trojan Income manager Francis Brooke has been reducing his fund's position in utilities to protect against the threat of rising bond yields.