Industry

Insurance pioneer Clive Cowdery has tabled a bid for a US insurer in the tycoon's first attempt to enter the American market.

Polar Capital has hired Deane Donnigan and David Pinniger to work within its healthcare team in an effort to increase the range of the group's products in this area.

Ross Porter, a co-manager of the €6.32bn emerging market focused Skagen Kon-Tiki fund, has decided to leave the group after 13 years.

Private bank Brown Shipley has made two promotions within in its London office, as part of a move to engage more with clients from the worlds of sport and media.

Morningstar OBSR's investment services director Peter Toogood and head of investment consultancy Gill Hutchison are set to leave the firm.

The Witan Investment Trust has appointed boutique firm Heronbridge to manage a £75m UK equity mandate.

Justin Onuekwusi, former lead manager on Aviva Investors' multi-asset funds, is to join Legal & General.

Bookmakers have already set odds on who will replace Stephen Hester at the helm of RBS, following his shock resignation announcement yesterday.

Former HBOS chief executive James Crosby has been stripped of his knighthood, the UK Cabinet Office has said.

Kames Capital has hired Scott Fleming as fund manager on its fixed income team to focus on exotic bond analysis.