News

Fixed income manager John Anderson is not expected to make the move across to Henderson Global Investors following the group's takeover of Gartmore, Investment Week understands.

Jon Pain, formerly managing director of the FSA, will join KPMG as a partner working in its regulatory practice.

The renminbi is poised to replace the yen as a global reserve currency within the next decade, says Franklin Templeton's Mark Mobius.

HSBC Global Asset Management has named Andy Clark as head of wholesale for EMEA, a role created as part of the bank's move to grow across the region.

Asian central banks are expected to raise interest rates this week to combat the soaring price of oil.

The Bank of England will raise interest rates from their historically low levels in May, the British Chambers of Commerce (BCC) predicts.

Strong platform sales helped boost Skandia UK's pre-tax profits for 2010 by 56% to £140m compared to £90m in 2009.

Aegon UK CEO Otto Thoresen has been appointed as director general of the ABI and will take up his new role on April 4.

Global was the best-selling IMA sector in January - a month which saw net retail sales fall from recent highs to reach a 12-month low.

Aegon chief executive Otto Thoresen is rumoured to be planning to leave the life company by the end of the week.