Industry

Close Brothers Asset Management has acquired financial planning firm Mackay Stewart & Brown.

Ben Bernanke has become a senior adviser to a prominent US hedge fund, his first non-research role since leaving the US Federal Reserve.

'Wealth managers are at the mercy of fund managers on costs'

Impact of 'local'UK

Mark Dampier, head of research at Hargreaves Lansdown, has sold nearly £900,000 worth of shares in the company after exercising share options.

Canaccord Genuity's Lucy Mitchell has joined Smith & Williamson as an associate director tasked with developing its discretionary proposition.

Former Midas and Momentum sales head David Thomas has joined Liverpool-based Seneca Investment Managers as its new CEO.

Monica Waller, co-founder of The Investment Network and the Aberdeen UK Platform Awards, has died after a short illness.

Henderson's Simon Hillenbrand has said the group is looking to emerging markets and global equity income as key areas of focus for its five-year growth strategy.

ING Investment Management has rebranded to NN Investment Partners after its parent company listed it as part of a wider IPO last year.