SJP makes ‘tough decision’ to axe 200 jobs
Redundancies are not linked to shareholder activist excoriating wealth manager’s ‘high cost culture’
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Fidelity follows in footsteps of Schroders and M&G with wealth management launch
‘We’re seeing increased provider interest again in the vertically integrated model’
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Schroders partners with Citi to unveil DFM service
Cazenove will create portfolios for the banking giant’s mass affluent clients
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Rathbones unveils new chairman as it closes out volatile year with £55bn in assets
Clive Bannister will be the investment group’s first new chairman in a decade
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River & Mercantile soars as Martin Gilbert prepares for dealmaking comeback
City veteran brings on former colleagues for new corporate vehicle that has already acquired R&M stake
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Weekly outlook: Tesco Christmas trading update and trio of recruiters report on Q4
The key events for UK wealth managers for the week starting 11 January
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Odey Asset Management performance fee revenue shrinks to just £900k
Results do not cover the period during which Crispin Odey was charged with alleged sexual assault
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Martin Gilbert adds River and Mercantile board position to growing portfolio of roles
Aberdeen Asset Management co-founder also has roles at Glencore, Toscafund, Revolut and Saranac Partners
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Transact parent company drops out of race for Nucleus
Leaving James Hay as the last firm in the running for the London listed platform
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Why the FTSE’s bumper start to 2021 could be short lived
Brexit deal and the rollout of the latest Covid vaccine saw the FTSE 100 rise 3%
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Coronavirus weekly round-up: Boris refuses to ‘cancel Christmas’ as Covid cases surge in the South East
Four investors mull the events shaping portfolios over the past week
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Polar Capital snaps up Dalton Strategic Partnership for European push
Acquisition will provide Polar with its first Luxembourg Sicav as it eyes European expansion