August to October saw another quarter of significant growth with 48,000 activity/ mentions (a 17% increase vs the previous quarter) across the cohort of wealth management Brands included in this research. Wider UK industry activity/mentions grew by 8% for the quarter (off a much larger sample base
Read more →St James’s Place, adviser networks including Sesame, Openwork, and Intrinsic, and Hargreaves Lansdown are set to emerge as the winners in the changing distribution landscape, according to research from Barclays. In an analysts note, Barclays argues large advice firms and platforms are set to succeed post-RDR as
Read more →Aviva Investors has appointed Friends Life chief investment officer Mark Versey as director of client solutions. Versey will take up the role in January and report to incoming chief executive Euan Munro. Munro departed Standard Life Investments in July to take up the role. Versey was at
Read more →UBS Global Asset Management chief executive and chairman John Fraser is set to retire from the firm at the end of the year. Fraser has been with the group since 1993, joining Swiss Bank Corporation in Australia before it merged with Union Bank of Switzerland in 1998
Read more →Edward Bonham Carter is to stand down as group chief executive next March and will be replaced in the role by Maarten Slendebroek. Bonham Carter, who has been at Jupiter for nearly 20 years, will remain with the group in an executive capacity as vice chairman, reporting
Read more →Corporate inertia and more stringent regulators are stifling asset management innovation but this is also making firms tighten up product launches, a Create Research study says. Professor Amin Rajan, of Create Research, says the asset management industry did not make the transition from boutique industry to globalised
Read more →Morningstar Investment Management has appointed Simon Ewan as managing director for operations in the UK, Europe, Middle East and Africa. His duties will include client management, marketing and business development for Morningstar’s investment management and consulting operations. Ewan will report to Morningstar Investment Management global chief investment
Read more →Over 100 days into the integration of the Schroders and Cazenove private client divisions, head of wealth management Andrew Ross says that with a unified management structure now in place, he is confident the enlarged entity can become the ‘pre-eminent wealth manager in the UK and Channel
Read more →NewSmith Asset Management has appointed Matthew Wright as partner and head of UK and European distribution. Formerly head of UK distribution at Carmignac Gestion, one of Europe’s largest asset managers, the appointment is part of NewSmith’s continued development following SuMi Trust’s investment in its parent company, NewSmith
Read more →Towers Watson and Pensions & Investments have published their latest annual global 500 ranking of the world’s largest asset managers. Highlights from this year’s report include: Assets managed by the world’s largest 500 fund managers rose by over 8% to US$68 trillion in 2012, making up any lost
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