Markets

ON ASIA

The FTSE 100 continued to recover today as banks lifted the index higher on signs that some of the instability in Europe is coming to an end.

Former Marathon AM manager Louise Keeling is to join RWC Partners to head up a newly-created global equity team.

Threadneedle parent company Ameriprise Financial is preparing an £800m bid for Scottish Widows Investment Partnership, according to reports.

Neptune founder Robin Geffen and former Gartmore star Roger Guy are among the highest profile new fund management names in the latest UK wealth rankings.

Brooks Macdonald has reported a 7.6% in discretionary funds under management as rising markets and inflows pushed assets towards the £5bn mark.

This week commodities dominated the headlines after a hefty sell-off in the gold market; while Schroders moved to replace outgoing manager Richard Buxton with a double hire.

Lloyds Banking Group has moved closer to a sale of Scottish Widows Investment Partnership as it seeks to strengthen its balance sheet, according to reports.

Barclays' investment banking chief Rich Ricci and wealth management head Tom Kalaris are to retire as the company restructures its senior management team.

Schroders has added a retail sterling share class to its offshore Global Multi-Asset Income fund, opening it up to retail investors for the first time.