News

New Zealand's finance minister, Bill English, has warned a Greek default or exit from the eurozone would present different challenges to the global financial system than those faced during the Lehman Brothers crisis of 2008.

Keith Skeoch, current chief executive of Standard Life Investments, is to take over from David Nish as head of parent company Standard Life.

The first new private bank in the UK for over thirty years has officially launched, after gaining approval from regulators.

Sanlam's head of business development Andy Davies has joined Momentum Global Investment Management as head of UK retail sales.

Mike Fullalove has joined Barclays Wealth and Investment Management from Alliance Bernstein as its new head of fund products.

Global asset management firms have avoided being labelled "systemically important" but face a review into potential systemic risks posed by their largest funds.

Old Mutual Global Investors' UK equity head Richard Buxton believes it may be "too late to save HSBC" as the company considers redomiciling its headquarters.

Brooks Macdonald has appointed Brewin Dolphin divisional director Ghislaine Perry as head of group marketing.

Lazard has hired former Henderson manager Léopold Arminjon to run a new European equities strategy.

Charles Stanley has agreed the sale of its Securities arm and plans to restructure its asset management offering after reporting an "unsatisfactory" loss of £6.1m for the year to 31 March.