Risk at work
Square Mile’s Alex Farlow, head of risk-based solutions research looks at five risk targeted fund ranges that focus in on capital accumulation.
Square Mile’s Alex Farlow, head of risk-based solutions research looks at five risk targeted fund ranges that focus in on capital accumulation.
Ex Ignis head of UK equities Graham Ashby has joined Santander Asset Management to run the firm’s UK growth funds.
Samantha Gleave, fund manager in the LionTrust cashflow solution team, says Banco Santander is first retail bank to be added to their funds in a number of years.
Hargreaves Lansdown, Barclays Stockbrokers and Santander received the most investment-related complaints in the second half of last year, though overall grievances with financial services firms fell, according to the FCA.
The FCA has fined Santander UK £12.4m for serious failings relating to investment advice.
Charlotte Hogg has been selected as the Bank of England’s first chief operating officer, a role developed in response to the bank’s increase in front-line functions.
Santander has confirmed it is to sell a stake in its asset management arm, ending recent speculation by issuing a notice to the London Stock Exchange this morning.
Group head of asset management Javier Marin Romano has been appointed CIO of Santander following the resignation of scandal-hit Alfredo Saenz.
Santander UK has increased SME loans by 15% in the past 12 months, and corporate loans now account for a larger proportion of its customer loans balance, according to the bank’s quarterly statement.
The pace of change on the UK high street is such that within hours this morning instead of being owned by another banking group, branches of Lloyds TSB could be made available to Joe Public instead.
Adam Cordery is joining Santander Asset Management as global head of European fixed income after leaving Schroders last year.
Santander's plight is an example of financial advisers’ job insecurity as a result of RDR implementation and an overall downsizing of the market, according to wealth manager True Potential.