L&G this week acquired the 75 per cent of Cofunds it did not already own for £131m following months of negotiations between the businesses. Cofunds is currently the largest platform in the UK with around £50bn in assets, and the deal values the platform at £175m (to be
Read more →Colonial First State has appointed Geoff Peck as its new general manager, marketing and distribution as part of a reshuffle in its upper management. Peck joined CFS at the beginning of March and will report to Linda Elkins, CFS executive general manager. Previously the managing director of individual
Read more →Legal & General Investment Management (LGIM) has announced the promotion of Andrew Hitchings to Head of UK Institutional Business. In his expanded role, he will be responsible for ensuring that LGIM focuses on developing and delivering an exceptional client experience. Andrew joined LGIM in September 2012, as
Read more →Richard Buxton, one of the top performing and most popular UK fund managers, is to leave Schroders for rival firm Old Mutual. Mr Buxton, who runs more than £4bn for Schroders, will be leaving in June after 11 years to join rival Old Mutual. His deputy and
Read more →A Schroders’ equities fund has bought about a £135m stake in St James’s Place, after Lloyds Banking Group said it planned to reduce its ownership in the wealth manager. Lloyds said yesterday it had employed Bank of America Merrill Lynch to sell down a roughly 20% stake in St James’s Place, which
Read more →Skandia head of investment marketing Graham Bentley is leaving the firm. Skandia says Bentley is expected to leave later this month. The move follows a restructure in December which saw the creation of a new investment solutions team. Bentley’s duties in investment marketing will be taken over
Read more →National Australia Bank (NAB) has announced a wide-ranging organisational restructure, with long-serving group executive Steve Tucker to depart under a raft of changes to the executive team. In a statement, NAB group chief executive Cameron Clyne praised Tucker’s run at the helm of MLC, singling out his
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Read more →Earlier this month Fishtank released our most recent ‘Social Media Intelligence – Retail Distribution Review (RDR) UK’ Report covering the months of November, December and January 2013. Findings from the current quarters research continue to confirm that relevance of Social Media across the industry, and the increasing
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