Kleinwort Benson has hired Andrew Wheeler for the newly-created role of executive director of business development within private wealth management. Stephen Rothwell, head of private wealth management at Kleinwort Benson, said: ‘We are continuing to build a formidable private wealth management team and Andrew is a strategic appointment
Read more →Henderson Global Investors, has hired Rob Adams to spearhead its investment management business in Australia. The development of a pure funds management business in Australia is part of Henderson’s strategy to grow its footprint in high-value markets in the Asia Pacific region, including China, Japan and Australia.
Read more →Fidelity Worldwide Investment has announced that John Clougherty will join as head of UK retail in June. He will report to Hugh Mullan, UK managing director. Clougherty joins from Aviva Investors UK Funds where he was chief executive and will be responsible for the Fidelity-branded funds business. Prior
Read more →March 2012 UK retail funds under management Retail Sales and Rankings from the Investment Management Association (IMA). Retail Sales – retail sales of UK funds (unit trusts and OEICs). Top 20 Retail Funds Under Management Company Retail Funds Under Management Rank Invesco Perpetual £39,342,316,979 1 M &
Read more →Man Group plc (“Man”) has agreed to acquire the entire issued share capital of FRM Holdings Limited (Financial Risk Management “FRM”), a global hedge fund research and investment specialist with funds under management of approximately $8.0 billion. Man will integrate FRM with its multi-manager business. Man and
Read more →Stephen Hutton will join UBS Global Asset Management as head of UK wholesale. In his new role he will report to Rob Lay, head of distribution partners Europe and Middle East at UBS. Hutton joins from Zurich where he was the head of fund group sales relationships, he
Read more →M&G Investments has confirmed that it will roll out two types of RDR-ready share classes, including one completely ‘clean fee’ class and one including platform payments. The fund manager has written to platforms to announce it will extend its institutional I share class that carries typical annual
Read more →Investec’s recently announced 75 basis point model falls in line with several other groups which have already declared how they will charge clients post-RDR. BlackRock, Rathbones, Schroders and London-based boutique City Financial are just some of those which have chosen the ‘fully clean’ 75 basis point route,
Read more →F&C Asset Management is aiming to exploit the advice gap post retail distribution review (RDR) by increasing its amount of direct business. F&C said that would expand its direct marketing efforts, currently used to support its investment trust offering, to cover a wider product range in anticipation of
Read more →Baring Asset Management (Barings) has appointed Eric Poon to the role of regional head of institutional business, Asia ex Japan and Alexander Garton as director, client service and relationship development. Poon is based in Hong Kong and reports to Gerry Ng, chief executive officer, Asia ex Japan.
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