UK

Andy McNulty has joined J.P. Morgan Asset Management as regional sales manager covering the north of England.

OBSR has withdrawn the £156m New Star Global Financials fund's ‘A' rating following the departure of lead manager Guy De Blonay last week.

HSBC says it will cut 1,700 jobs in the UK.

Legal and General Investment Management (LGIM) has reported new business for the first nine months of the year fell to £24.3bn, compared to £28.3bn for the same period in 2008.

BNY Mellon Asset Management has completed the acquisition of Insight Investment Management from Lloyds Banking Group for £235m.

HSBC Infrastructure Company (HICL) is to undertake a C class share issue to pay down debt and pursue new opportunities.

National pride was dented when Germany and France posted positive economic growth in the second quarter yet the UK remained in recession. Since then the UK has suffered the ignominy of seeing expectations for the third quarter outturn scaled back as industrial...

Aegon Asset Management has promoted Iain Buckle and Euan McNeil to joint managers on three of its flagship fixed income funds.

Standard Life reported worldwide life and pensions sales were 15% lower at £10.5bn for the first nine months of 2009 compared to the same period last year, as falling markets took their toll.

Equity fund sales overtook bonds for the first time since 2007 last quarter as the IMA announced 2009 has been a record year for net retail sales.