News

BNY Mellon has appointed PeterPaul Pardi as global head of distribution.

INVESTMENT TRUSTS

Poor corporate governance in banks must be "urgently" addressed as it can ultimately lead to their failure, said Financial Services Authority (FSA) chief executive Hector Sants.

The IMA is consulting its members over changes to the fixed income sectors, including limiting exposure to asset backed securities and reviewing the classification of short-term bonds as cash.

HSBC's global research team has suggested US economic data is in ‘Death Valley': not weak enough to guarantee more quantitative easing but not strong enough to be self-sustaining.

Threadneedle has named Diane Sobin as co-manager of Cormac Weldon's £358m American Smaller Companies fund.

Former Icelandic Prime Minister Geir Haarde has been found guilty of one of four charges of negligence relating to the collapse of the country's banks during the 2008 financial crisis.

Standard & Poor's(S&P) has put a 'negative watch' on Argentina's credit rating, citing "rising restrictions to international trade" and "steps to nationalise oil company YPF".

Threadneedle's Henry Stipp is to take over management of Threadneedle's £742m Emerging Market Bond fund following the departure of Richard House.

Commodities investor Jim Rogers is poised to add to his gold position as he anticipates a potential systemic shock, such as eurozone bankruptcy or further Indian tax hikes, may lead to further weakness in the spot price.