UK

Daniel Lee, former head of discretionary at Cazenove, has joined Allianz Global Investors as a sales director in its UK team.

UK EQUITIES

ALTERNATIVE ENERGY

Rathbone Brothers chief executive Andy Pomfret is to retire on 28 February 2014 after almost a decade in charge of the wealth manager.

Whitechurch Securities has swapped Neil Woodford's High Income fund for Mark Barnett's UK Strategic Income offering ahead of the former's departure from Invesco Perpetual.

Royal Bank of Scotland's new chief executive, Ross McEwan, has denied claims the bank 'systematically' ran small businesses into the ground, and said the allegations have damaged RBS' reputation.

Total expense ratios (TERs) of 240bps for a combination of adviser fees, discretionary management charges, platform costs and fund manager fees are 'unsustainable' and will likely be driven down, according to Schroders head of UK intermediary Robin Stoakley....

Neil Rogan has taken a seat on the board of the Murray Income trust.

Threadneedle has partnered with the social investment arm of the Big Issue to launch the Threadneedle UK Social Bond fund.

Ex-Arch Financial Products chief executive Robin Farrell and compliance director Robert Addison have fiercely contested allegations of greed and dishonesty in relation to investments made by the Arch cru funds.