Richard Pursglove leaves Artemis
Artemis head of retail has left the business after 12 months.
News
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Invesco hires new multi manager
Invesco has hired Claudia Raoul as a fund manager on the Paris-based multi-management team.
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Tavistock stems losses as it inks deal
Tavistock Investments had cut its losses for the six months to the end of June to £172,000 versus £270,000 for the same period in 2013.
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Skandia listens to advisers keeps Invesco option
Skandia has retreated from its decision to automatically switch life clients out of the Skandia Invesco Perpetual Income fund into a newly created Old Mutual Woodford Equity Income fund, and will now keep both funds open.
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US ETP investors leave Europe EM funds gain
The global ETP market had a strong finish to the summer, reporting inflows of $23.3bn in August, Blackrock said on Thursday.
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Strong US jobs data likely
The United States is likely to release strong jobs numbers tomorrow (5 September) according to economics consultancy Fathom.
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Standard Life seals global agreement with Manulife
Standard Life is to let Manulife Financial distribute its investment products across retail markets in Asia, the US and Canada as part of a deal that also involves the sale of the Edinburgh-headquartered company’s Canadian arm for £2.2bn ($3.6bn, 2.75bn).
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Chase de Vere ordered to pay compensation
The Financial Ombudsman Service has ruled in favour of a client which was advised by Chase de Vere to invest £145,000 into three high risk UCIS funds, six years before his retirement.
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Three key client trends to watch Faulkner
There are three key trends influencing the way clients want to engage with investment houses, says River & Mercantile CEO Mike Faulkner.
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Fidelity to launch new Asia Pacific fund
Fidelity Worldwide Investment is planning to launch the Fidelity Asia Pacific Opportunities fund on 24 September, it said today.
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Wyllie joins Connor Broadley
Former Iveagh CIO Chris Wyllie has joined Mayfair-based Connor Broadley to look after its £200m of discretionary assets.
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A view from Asia Citibanks Roger Bacon
In Asia, Citibank’s $251bn retail and private wealth management business is growing at roughly 12% per year, while at the same time discretionary mandates are gradually increasing.