Newton multi-asset deputy CIO retires
Paul Brain, who previously led Newton’s fixed income team, retires after 40 years as an investment manager
Author: Christian Mayes
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APPG on Investment Fraud and Fairer Financial Services elects new members
Conservative MP Bob Blackman continues as co-chair, joined by Labour’s Sam Rushworth
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PRS REIT reaches agreement with requisitioning shareholders over board changes
Non-executive chair Steve Smith will step down at PRS REIT’s next AGM, with Robert Naylor and Christopher Mills appointed to the board
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Hawksmoor hires head of investment management from Charles Stanley
Dan Ellis also joins the Hawksmoor board
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ECB cuts interest rates 25bps to 3.5%
Industry commentators anticipate one more cut by the ECB this year
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Neil Goddin returns to Aegon AM as head of equities and multi-asset
Current head of equities Philip Haworth has left Aegon
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Brooks Macdonald sells international arm to CGWM as it seeks to simplify business
‘We are redefining our strategy to reignite growth’, incoming CEO Andrea Montague said in the firm’s annual results
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Jupiter head of EMD exits
Alejandro Arevalo will be succeeded by co-manager Reza Karim
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Wealth managers increase allocation to digital assets
60% of wealth managers surveyed estimate they will have more than 3% of assets invested in digital assets in the next three years
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Global dividends hit fresh record high in Q2
The $606.1bn paid out in the quarter marked an 8.2% increase
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Keystone Positive Change board considers folding into open-ended vehicle
Keystone Positive Change board is consulting over a potential rollover into the £1.8bn Baillie Gifford Positive Change fund
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AIC tables proposal for partnership with National Wealth Fund
The AIC has also called for the removal of stamp duty on British shares and the expansion of the VCT scheme
