News

Old Mutual Wealth has promoted Peter Mann to vice chairman, with Steven Levin taking over the day-to-day running of UK distribution.

Former New Star marketing director Richard Wilson is to join Jupiter as head of marketing next month.

Henderson retail fixed income head John Pattullo is favouring core companies in core countries across Europe to provide thematic bond investing in a low inflation environment, alongside opportunities in the US.

Old Mutual Global Investors (OMGI) has reshuffled its fixed income desk, promoting Christine Johnson and Stewart Cowley, and is launching a new Macro fund for the team.

Aviva and Aberdeen Asset Management sat atop the FTSE 100 leaderboard on Thursday morning but the wider market remained subdued.

Paul Read has said his Invesco Perpetual fixed interest team are "thinking about liquidity all the time" and can use the size of their funds to exploit bond market dislocations.

M&G Investments has expanded its bond team with the appointment of EMD specialist Claudia Calich.

David Jane has ramped up Japanese equity and REIT exposure in the TM Darwin Multi Asset fund, following the sell-off in May.

The Financial Conduct Authority (FCA) has set out how it plans to regulate the consumer credit sector when it takes over from the Office of Fair Trading (OFT) next year, including plans to restrict what payday lenders can say in adverts.

The majority of Asian markets have risen this morning despite no progress over talks aimed at ending the US government shutdown.