FCA unveils plan to ‘significantly streamline’ its operations
It will automate roles undertaken by employees, but some expressed ‘nervousness around the extent to which consumer protections are diminished’
Author: Tom Aylott
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Comgest head of sustainability exits to join former CEO’s new boutique
Arnaud Cosserat and fellow portfolio manager Alistair Wittet left Comgest to found Aecus Partners in December
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Plus500 expands into Indian market with Mehta Equities acquisition
The £20m deal ‘marks a significant milestone in its global expansion strategy’ as it looks beyond the US futures market
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Neil Hermon to retire from Janus Henderson after 23 years
Indriatti Van Hien will succeed the ‘well-known and well-regarded UK small-cap manager’ in running the Henderson Smaller Companies trust
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PGIM launches UCITS version of Better Future ETF
It will be managed by Mark Baribeau and Rebecca Irwin, who run the $1bn Global Equity Opportunities fund together
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HANetf launches European defence ETF excluding US companies
It seeks to benefit from the €800bn plan unveiled by the European Commission yesterday as the US withdraws military support
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Bank of England holds interest rates amid market uncertainty
The central bank followed the Federal Reserve in remaining cautious as Trump threatens global tariffs
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Jon Pliner succeeds Craig Baker as Towers Watson CIO
Baker will take a ‘more external, market facing’ role managing the firm’s strategic relationships
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Rathbones chief executive Paul Stockton to retire in September
He will be succeeded by Capstone president Jonathan Sorrell after 17 years at the firm
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TILLIT scraps Darwall’s European Opportunities trust over ‘structural challenges’
Its shift of investment strategy, ‘disrupting’ tender offer and pressure from activist shareholders has led to ‘waning confidence’
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Fed holds rates as Trump’s tariffs downgrade US growth forecasts
The central bank remained cautious as uncertain trade policy risks inflation ‘spiralling’
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Aegon AM enters LTAF market with private credit vehicle
It provides ease of access to asset classes previously off limits to most investors amid growing demand for private markets