News

Hermes' marketing director Rob Page is leaving the firm to join Henderson Global Investors, Investment Week can reveal.

Barclays' investment banking chief Rich Ricci and wealth management head Tom Kalaris are to retire as the company restructures its senior management team.

Aviva is to reduce its staff numbers by 2,000 over the next six months - a 6% reduction of its global workforce.

Schroders has added a retail sterling share class to its offshore Global Multi-Asset Income fund, opening it up to retail investors for the first time.

BlackRock's Nick McLeod-Clark has stepped down from running the firm's £698m UK Income fund to take an extended period of leave to recover from poor health.

A growing trend towards excessive risk-taking and lack of action to repair broken bank balance sheets could trigger a "chronic" new phase in the financial crisis, the International Monetary fund has warned.

The board of the Schroder UK Growth fund has said Philip Matthews, hired by Schroders to replace Richard Buxton, is not certain to take over as manager of the £300m trust later this year.

Four platforms are to allow advisers to automatically calculate tax liabilities for clients, following HM Revenue and Customs' decision to tax rebates paid by fund managers.

Martin Wheatley, chief executive of the Financial Conduct Authority (FCA), has branded the previous watchdog - the Financial Services Authority (FSA) - "too robotic" in its approach to regulation.

Jupiter said today it intends to use the money raised from the Cofunds sale to pay down debt as it unveiled a near £3bn rise in assets under management.