Europe

Jamie Broderick, head of J.P. Morgan Asset Management's EMEA business, is set to leave at the end of this year, after almost 20 years at the company.

ON EUROPE

Ministers have been urged by an influential committee to draw up a plan of action to help the country cope in the event of a eurozone collapse.

Chris Rice, manager of the £823m Cazenove European fund, is adding risk to his portfolios due to bombed out valuations and the European Central Bank's implementation of "one of the biggest bailouts in history".

A 'disorderly' default in Greece could cause more than €1trn (£833bn) damage to the eurozone, a confidential report has warned.

German parliament yesterday approved a €130bn euro rescue package for Greece, while S&P downgraded Greece's credit rating to ‘SD' or selective default.

Schroders is set to add a European equity offering to its offshore range on 7 March.

ON EUROPE

US and Asian markets gave a modestly positive response to the second Greek bailout, following losses in European counterparts, as it emerged the debt-laden nation has just nine days to implement many of the conditions of the rescue.

ON EUROPE