News by: Dylan Lobo
Bank of England governor Mark Carney has quelled fears interest rates could be on the rise and while he is optimistic about the economy's prospects this Christmas, he sees plently to still be wary of.
Lloyds is to make a £105 million profit from the sale of its remaining 21% stake in St James’s Place.
Bestinvest senior fund researcher Mark Lane has left to take up a post with Standard Life Investments.
Aon Hewitt company McLagen has acquired wealth management consultancy Scorpio Partnership.
John Chatfeild-Roberts' multi-manager team will run a range of multi-asset funds for Emirates NBD Asset Management after the firm entered a strategic alliance with Jupiter Asset Management.
Polar Capital has rewarded shareholders with a healthy payout on the back of a strong period of performance.
Schroders has created a four-strong team of convertible team, three of join from Fische Asset Management to which it outsourced the management of its global and Asian funds.
Investec Asset Management has launched two specialist bond funds targeting local currency bond opportunities in Asia and the emerging markets.
Neil MacPherson has quit Turcan Connell to take up a job as investment director in Quilter Cheviot's Edinburgh business.
Robert Shiller, who won the Nobel Prize this year for his research into market prices and asset bubbles, told German magazine Der Spiegel he is concerned about the valuation of the US stockmarket.
Th wealth plans to double the number of investment managers it employs to 12 and is planning to launch an ‘At Retirement’ pensions planning service next year.
New York-based Pzena and Connecticut firm Tweedy Brown have replaced Thomas White International and Southeastern Asset Management on two global equity mandates worth £190 million.
Andy Pomfret is to retire as chief executive of Rathbone Brothers in February 2014 and will be replaced by Phillip Howell.
Edmond de Rothschild has launched a UK fund management business, according to the Financial Times.
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