Ex-Tilney man joins Old Mutual Wealth
Old Mutual Wealth (OMW) has appointed former Tilney man John Porteous in the newly-created role of retail customer solutions director.
Old Mutual
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SEI boosts wealth platform with head of sales hire
SEI has added to it UK private banking executive management team with the appointment of Andrew Vickers as head of sales.
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Old Mutual unveils offshore bond for UK market
Life insurer Old Mutual International has launched a new offshore bond in the UK aimed at savers caught out by cuts to the pension allowances.
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OMGI: Barclays to see more upside despite fraud charges
Old Mutual Global Investors believes there is “a lot of upside” to come from Barclays shares, despite the Serious Fraud Office charges.
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Old Mutual Wealth in record quarter as platform and funds surge
Old Mutual Wealth has reported a 59% rise in net flows in a record quarter, as the business continues to prepare for a stock market flotation.
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Woodford seeing double in March sales boost
Neil Woodford scored a notable double with his new Income Focus Fund and established Equity Income Fund dominating sales through The Share Centre in March.
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Investors hail Tesco in spite of gloomy results
Investors have welcomed Tesco’s results as a sign the supermarket giant is “back on track”, even though it reported a 28% profit drop and a pension deficit two times higher than the previous year.
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Top 10 best performing funds of Q1
The first quarter of 2017 continued on from the hectic end to last year, with plenty of macro and market events to keep fund managers on their toes. Here, based on data from FE Analytics, are the top 10 performing UK retail funds by 3-month performance.
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Old Mutual prices OMAM share sale
Old Mutual has announced a public offering of 13m ordinary shares in Old Mutual Asset Management (OMAM), representing further progress towards breaking the business into four separate units.
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PA OPINION: Time for wealth managers to break up the boys club
By the end of this year, three of the five richest economies in the world could be led by women, Theresa May, Angela Merkel and Hillary Clinton. Financial services by comparison remains a boys club.
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Old Mutual Wealth cash flows slump
Old Mutual Wealth chief executive Paul Feeney blamed “challenging markets” as the firm saw net client cash flows slump to £0.9bn in the third quarter, down from £2.3bn a year earlier.
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Quilter Cheviot to play active part in ongoing wealth manager consolidation – Loudon
Having Old Mutual as its parent provides Quilter Cheviot with a great deal of opportunity, said CEO David Loudon, particularly when it comes to acquisitions.