Hermes’ Williams to exit London office
After nearly eight years at Hermes Investment Management, the group chief economist will be leaving the firm’s London office.
News
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RBS agrees £3.65bn settlement over risky US mortgages
The Royal Bank of Scotland has agreed to pay the Federal Housing Finance Agency (FHFA) $5.5bn (£4.2bn) to drop its outstanding litigation against the bank.
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FCA: Savers risk retirement poverty by not taking drawdown advice
Pension savers risk exhausting their retirement pots too early by accessing income drawdown without taking advice, according to the Financial Conduct Authority (FCA).
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Asset managers urged to transform as profits fall
Asset managers will have to transform in order to survive, according to a new report which revealed industry revenue and profits fell for the first time since 2008.
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BlackRock launches floating rate bond ETF
BlackRock has added a floating rate bond ETF to its line-up of passive products that aims to navigate rising rates.
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Axa IM signals ESG commitment with McDonald hire
Axa Investment Managers has appointed Kathryn McDonald as head of sustainable investing of its Rosenberg Equities business.
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UK unemployment hits lowest level since 1975
The rate of unemployment in the UK has dropped to its lowest level in 42 years, falling to 4.5% in the three months to May according to the Office for National Statistics (ONS).
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Miton AUM recovers to smash £3bn barrier
Miton saw AUM break the £3bn mark in the first six months of 2017 bolstered by strong inflows to its equity and multi-asset funds, according to the firm’s latest trading report.
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Upbeat asset and wealth managers behind the times on AI
Asset and wealth managers are more upbeat about their prospects than other sectors of the financial services industry, but are lagging others technologically according to the CBI/PwC Financial Services Survey.
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EU could force finance staff to move post-Brexit, JPM chief warns
The chairman and chief executive of global investment bank JP Morgan Jamie Dimon has warned it is decisions made in the European Union not in the UK that will determine if thousands more jobs move from London to other European centres in the wake of Brexit.
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Maria Sharapova joins advisory board at UBS Wealth
Tennis star Maria Sharapova has joined a new advisory board at UBS Wealth Management in aims of boosting the confidence of female investors.
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Rowan Dartington unveils new name in wealth management push
Rowan Dartington has dropped the ‘Signature’ from its name as part of an overhaul of the wealth manager’s brand.
