News

SEI has appointed former Cofunds and Skandia CEO Brett Williams as managing director of its private bank platform, SEI Wealth.

Arch Financial Products chief executive Robin Farrell and compliance director Robert Addison have today been accused of giving inconsistent evidence, lying and distorting the facts during their High Court battle.

The Bank of England has again moved to temper expectations of an early rate rise, despite the UK unemployment rate dropping to close to the crucial 7% mark this morning.

Fidelity has undercut Hargreaves Lansdown with its new pricing structure, introducing an AMC of 0.35% for clients with total assets up to £250,000.

Pictet Asset Management has launched an absolute return bond fund to be managed by co-head of global and regional bonds Andres Sanchez Balcazar.

The Association of Investment Companies has elected J.P. Morgan Asset Management's head of trusts Simon Crinage to its board.

Mohammed El-Erian, chief executive of PIMCO and the man perceived by many as Bill Gross' heir apparent at the largest bond manager in the world, has resigned from his role.

Premier is to merge its £41m UK Mid-250 fund into the £82m Premier UK Growth fund as it moves to streamline its fund range further.

Meera Hearnden, senior analyst at Hargreaves Lansdown, is to exit the business at the end of this month.

Top-performing Japanese equity manager Hideo Shiozumi has said investors should not expect another runaway 12 months for the country's stock markets until 2016.