News

City Financial plans to launch an independent fund research service in the spring for Peter Toogood and Gill Hutchinson.

River and Mercantile has expanded its wholesale distribution team with the hire of Neptune's Tom de Lisle .

Aberdeen CEO Martin Gilbert has said Lloyds Banking Group's plan to boost its wealth management capabilities is a crucial factor in the fund manager's deal to buy SWIP, but refused to be drawn on possible job cuts.

F&C has hired Sarasin's Robert Thorpe as head of consumer.

Aberdeen has beaten off competition from Macquarie to acquire Scottish Widows Investment Partnership (SWIP) from Lloyds Banking Group in a deal worth up to £650m.

J.P. Morgan Asset Management (JPMAM) has hired the head of Bank of America Merrill Lynch's global equity sales desk as co-manager on its £86m Global Equity Income fund.

Macro data was at the forefront of investors' minds this week, after a surprise drop in UK inflation sent the pound lower.

David Coombs, head of multi-asset investments at Rathbone Unit Trust Management, has bought a number of new funds in the last few months as he rejigs his portfolios to focus on global growth.

The Financial Ombudsman Service's (FOS) chief ombudsman and chief executive Natalie Ceeney is to step down after four years in office.

GLG has launched a mirror version of Henry Dixon and his ex-Matterley colleagues' Undervalued Assets fund, after poaching the team in September.