Close Brothers learns ‘expensive lesson’ from Novitas acquisition
Firm recovered in Q3 after its failed lending arm had caused profits to plummet 90% in first half
Firm recovered in Q3 after its failed lending arm had caused profits to plummet 90% in first half
Key events for UK wealth managers for the week starting 22 May
Adam Finlay will manage portfolios for HNWs
Failed legal lending arm cast a shadow over the group’s performance
Fixed income, Asian equities, ETFs and hedge funds are some of the areas touched on by industry experts in December
John Hair and Charles Insley previously worked together at Newton
Though its financial first quarter saw AUM slide 3%
The new full-service office will begin operating on 5 December
David Wilson joins after a busy year of recruitment for the firm
They will be based in London and the asset manager’s new Chichester office
He was most recently managing director of Standard Life Savings
Close Brothers trading update reveals good momentum in the asset management division