Smith & Williamson has appointed Morgan Stanley's Michael Pagliari as investment management partner, its fourth hire in the investment management division in the last two months.
Political uncertainty in the US has caused the dollar to weaken, forcing many investors to reverse their long positions in the currency to a more neutral stance.
Paul Causer, co-head of fixed interest and co-manager of the Invesco Perpetual Global Financial Capital fund, looks at what has been done over the past year to tackle the problems in the financials sector.