News

Shareholders of RSA Insurance have ordered the firm to be put up for sale after the discovery of a £500m shortfall on its books that forced the resignation of its chief executive.

Former Gartmore manager Guillaume Rambourg has launched his first long-only European equity fund for new venture Verrazzano Capital.

Shares in insurer RSA fell by as much as a fifth this morning after its chief executive quit amid a burgeoning crisis within its Irish division.

Neptune CEO Robin Geffen is buying into the Japanese recovery led by Shinzo Abe, dismissing comparisons to earlier efforts to revitalise the country.

Zurich UK Life has appointed Richard Romer-Lee's new consultancy firm to help with the launch of a new investment fund proposition for its intermediary platform in the coming year.

Alexander Friedman, global CIO at UBS Wealth Management, sees Japan as ‘more of a risk' to investors than China in the coming year.

Four former bosses of collapsed Icelandic bank Kaupthing - including its chief executive and chairman - have been jailed for between three and five years in the heaviest sentences for financial fraud in Iceland's history.

After Shinzo Abe took power late last year, Japan has been 2013's undisputed success story.

Russell Investments has appointed Mirko Cardinale as head of asset allocation in the EMEA region.

Ashcourt Rowan has agreed a deal with Duke Street General Partner to acquire UK Wealth Management (UKWM), funding the purchase through a share placing.