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
Read more →Invesco Perpetual’s head of distribution Ian Trevers has said a multi-asset capability will be essential for success post-RDR after Invesco revealed it had hired a trio of multi-asset managers last week. The group has poached Richard Batty, David Millar and David Jubb, who currently work on Standard
Read more →In its 10th annual survey of the fund management industry, the IMA noted concerns from some of its members that investors who could no longer afford advice following the ban on commission payments may not be willing to take on riskier investments without the input of an
Read more →Acquisitions in the Self-managed super fund (SMSF) space are proving commonplace as businesses attempt to build client bases during the current market conditions, with SuperIQ previously expressing a desire for growth. In the latest wave of consolidation in the space, SMSF provider SuperIQ has acquired former Perpetual
Read more →Insight Investment has announced currency risk manager Pareto Investment Management is to be merged into the Insight Group. Pareto IM has around £27bn of assets under management and has operations in the UK, USA, Asia and Japan. The transaction is set to be completed by January 2013,
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