Perpetual Limited (Perpetual) today announced the appointment of Michael Gordon as Group Executive Perpetual Investments. Michael will lead the end-to-end business of Perpetual Investments, which includes product, distribution, operations and the investment management team with $23.6 billion in funds under management. Perpetual CEO Geoff Lloyd said “We
Read more →Old Mutual Global Investors is set to grow third-party distribution and its product range as part of the enlarged asset and wealth management business. The group – which was created by the merger of Skandia Investment Group and Old Mutual Asset Managers – has invested in its
Read more →Allianz Global Investors has appointed Andy Wiggins head of institutional business in the UK. Wiggins joins from Threadneedle where he was head of UK institutional client relationships. Prior that he was director of client relations at AllianceBernstein and also spent eight years as a principal at Mercer.
Read more →Former Legal & General chief executive Tim Breedon is set to join the board of Barclays as a non-executive director. Breedon was CEO at L&G from January 2006 to June 2012, having previously been group director (investments) since January 2002. Breedon will start the role on 1
Read more →Philip Dicken, manager of the Threadneedle Pan European Smaller Companiesfund, has upped exposure to discount broker Hargreaves Lansdown, arguing the company can navigate headwinds created by the retail distribution review (RDR). Dicken, who heads the European equities desk, has taken advantage of the recent market rally to sell into
Read more →Former Hargreaves Lansdown investment manager Ben Yearsley has joined Charles Stanley to help spearhead the group’s new direct-to-client investment service. Yearsley, who worked at Hargreaves for 14 years prior to his departure in May, has joined Charles Stanley as head of investment research ahead of the launch
Read more →Old Mutual Wealth has confirmed it will cut 200 roles as it merges its Skandia businesses, in a move that sees theSkandia brand consigned to history. Paul Feeney, chief executive of Old Mutual Wealth, said: ‘We know this is a difficult time for our staff, so we
Read more →Legal & General Investment Management has appointed Simon Thompson as chief operating officer. Thompson joined LGIM in 2011 as head of product strategy and development. Prior to this he was a partner and the chief operating officer of Millgate Capital. He will report to chief executive officer
Read more →Henderson Global Investors has sought to strengthen its presence in the Asian market by naming a new CEO for its Japanese operations. PIMCO’s former head of operations for the Asia Pacific region, Shiro Tsubota, has taken over from current CEO Takashi Muramatsu. Muramatsu, who has taken an executive
Read more →BNY Mellon has acquired the remaining half of Germany-based WestLB Mellon Asset Management, which it has held in a joint venture with Portigon (formerly WestLB AG) since 2006. The transition to 100% BNY Mellon ownership will see Werner Taiber, who was most recently a member of the
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