News

PIMCO's global equities CIO Virginie Maisonneuve is to leave the firm just 18 months after joining the group, as it closes two equity funds.

Economist and creator of the term 'BRICs' Jim O'Neill is to become a Treasury minister in the new government.

Neptune has promoted James Dowey to the role of chief investment officer.

The European Securities and Markets Authority (ESMA) has delayed its review of standards for MiFID II until September, cutting the amount of time the industry will have to assess proposals ahead of implementation.

The Wealth Management Association (WMA) has appointed three new members to its board of directors, including the chief executive of Coutts & Co.

Brewin Dolphin's sale of execution-only platform Stocktrade to Alliance Trust has been tipped to prompt a further turnaround in investors' view of the wealth manager.

Nigel Thomas, manager of the £4.6bn AXA Framlington UK Select Opportunities fund, believes bond and equity investors are experiencing high levels of confusion caused by recent market dislocations.

Old Mutual Wealth's CEO has said the government's pension reforms have been like a 'shot of adrenaline' for the financial services sector, as the group reports strong sales of pension products in Q1.

Alliance Trust Savings (ATS) has agreed to acquire Brewin Dolphin's execution-only Stocktrade business in a bid to accelerate its growth.

Exchange-traded product provider WisdomTree has launched the sterling hedged WisdomTree Germany Equity UCITS ETF on the London Stock Exchange.