HSBC veteran announced as Quilter Cheviot CEO
Andrew McGlone pursuing fresh opportunities after over 30 years with firm
Hsbc
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ECB delivers seventh consecutive interest rate cut
Interest rates were reduced 25bps to 2% as the bank casts an eye to economic growth
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Third party MPS providers grab market share despite insourcing movement
Outsourcers are still the main drivers of asset growth in MPS, according to ISS Market Intelligence report
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Janus Henderson: The UK stocks outpacing the magnificent seven
British retailers, banks and tobacco companies have beaten the US tech giants despite their old-school nature, writes David Smith
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HSBC ups profits as business restructures
HSBC announced business restructure in October 2024
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Stuart Parkinson becomes Stonehage Fleming CEO
Moves to Stonehage after five years with Lombard International Group
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Pantheon’s Steers named in King’s New Years Honours list
Pantheon’s Helen Steers, M&G chair Edward Braham and TheCityUK CEO Miles Celic received honours
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HSBC to split business into four separate entities
New UK, Hong Kong, Corporate and Institutional Banking, and International Wealth and Premier Banking businesses.
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HSBC Asset Management launches Euro Fixed Term Bond 2028 fund
Aiming to lock in current yields over a four-year term
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UK dividends reach all-time high in Q2
Dividends were up 11.2% to a record-breaking £36.7bn, with UK banks more than making up for miners’ shortfalls
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Lipper: Bonds attract €24.5bn amid rate cut anticipation
Equities also attracted over €18bn
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Square Mile admits eight to Academy of Funds, drops two
Mercantile Investment Trust amid new class of funds to be awarded ratings