Equities

Santander has confirmed it has pulled out of the investment advice market resulting in the loss of 724 jobs.

Upmarket wealth manager St James's Place paid £12,750 for a speech from Labour MP David Miliband at its annual conference.

Renaissance Asset Managers has been bought by emerging markets specialist Kazimir Partners, in a move which will see a number of its funds merged into other products, and a raft of new strategies launched.

Liontrust doubled its assets under management to £3bn in the last 12 months as the takeover of Walker Crips and a sharp rise in inflows boosted the business.

Jupiter's Gregory Herbert has been promoted to manage the group's European Income fund, taking over from Cédric de Fonclare.

Threadneedle's Simon Brazier and Artemis' Tim Steer have been buying up shares in Daily Mail & General Trust as they back the business' under-recognised strengths to flourish.

Cazenove's Julie Dean will not be running Richard Buxton's assets after the takeover of the company by Schroders, and the firm is still actively looking for his replacement.

Aberdeen Asset Management shares have jumped as the group reported net inflows of £3.5bn in the first two months of 2013.

As advisers digest last week's revelation that top UK fund manager Richard Buxton is to exit Schroders after more than a decade at the group, attention is now turning to where to invest next.

The situation in Cyprus could have a far more negative impact on the credit market than it has so far, Kames Capital's Melanie Mitchell has said.