Fidelity appoints global CIO of fixed income
Replacing former CIO Steve Ellis, who departed in March after 13 years at the firm to take a career break
News
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BRI Wealth Management names head of investments
Toni Meadows has previously held CIO roles at Omnis Investments and The Private Office
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Pacific AM strikes deal for European equity boutique
Viewforth Investment Partners to become part of Pacific’s new European equities division
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Royal London expands Australian presence with new hire
Kevin Haran will drive the firm’s local strategy for Australia, marking ‘a key step’ in its global growth plan
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UK exports to US fall by biggest volume on record
The £2bn drop in April is a third lower than the month prior, and the lowest level since the invasion of Ukraine in February 2022
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Andrew Parry to retire after 40-year career
Held roles at JOHCM, Newton Investment Management and Federated Hermes
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Nordea launches ‘once-in-a-generation’ Europe fund
The high conviction fund aims to capture the ‘strategic reset’ in European energy, industrials, and defence
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Vanguard short-term gilt fund to combat abnormally long debt in UK
It aims to juxtapose the uncommonly lengthy maturity of 14.4 years in the UK bond market – one of the longest in the developed world
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UK GDP falls 0.3% in April
Trump’s tariffs and Reeves’ tax changes poured cold water on economic activity, and could continue to ‘weigh on growth for months to come’
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Allfunds CEO Juan Alcaraz steps down
Being replaced by Annabel Spring as CEO in June
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Spending Review 2026: Reeves unveils government funding plan
It included the ‘biggest cash injection into social housing in 50 years’, as well as heightened investment in defense and energy security
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PISCES private asset exchange gets FCA go-ahead
New exchange to launch later this year