Industry

BNY Mellon Asset Management has hired Fergus McCarthy from Investec Asset Management as head of advisory, as it restructures its management team after the recent exit of Scott Goodsir, Investment Week understands.

Tullett Prebon is in advanced talks to appoint a replacement for its chief executive Terry Smith, who is set to leave by the end of the year, according to reports.

Aviva Investors is to close its UK Absolute Return fund, run by Trevor Green, as well as Peter Fitzgerald's Diversified Strategy fund, Investment Week can reveal.

Jeremy Gleeson, manager of the AXA Framlington Global Technology fund, gives an overview of prospects for the US technology sector.

Keith Speck has left Baker Tilly Investment Solutions to take a sales role at Argonaut Capital Partners.

Dan Kemp has left Albemarle Street Partners (ASP), less than two years after co-founding the consultancy, to join Morningstar.

Hargreaves Lansdown has secured what it says is the cheapest share class in the market for Neil Woodford's new fund, selling the investment star's fund for 60bps.

Asset manager River and Mercantile plans to float on the main market, following its merger with investment consultancy firm P-Solve earlier in the year.

Two investors are taking TenetConnect to the Financial Ombudsman Service (FOS) after unsuccessfully trying to retrieve money lost due to what they claim was negligent advice to invest in an unregulated overseas property scheme.

Former head of research at Premier Asset Management, Raj Hallen, has joined Albemarle Street Partners as a director and shareholder.