Liontrust has been unveiled as the new home for two Kames Capital’s fixed income managers, with their alma mater wasting little time in announcing their replacements. Meanwhile, a former OMGI fund manager has reappeared at Legal & General Investment Management.
Guernsey Finance has appointed its first Hong Kong representative, while Brooks Macdonald has poached an investment manager from HSBC GAM. The acquisition of C Hoare & Co’s wealth management division will see two high profile people step down.
Openwork is to launch a discretionary fund management (DFM) service in April that will leverage its investment proposition Omnis, which includes strategies run by groups including Woodford Investment Management, Schroders, and Threadneedle.
Standard Chartered’s Asean and south Asia chief executive has stepped down with immediate effect. Friends Provident International has appointed a regional sales director for Singapore, while Aviva has hired a tech industry heavy hitter for a new communications role.
Cazenove Capital has changed its head of wealth management in Singapore; while Natixis AM has named a new chief executive following the departure of incumbent Pascal Voisin. South Africa’s Standard Bank has also appointed a chief executive, while M&G Investments named a new fund manager to its multi-asset team.
Zurich Insurance Company will divest its 25% stake in financial services partnership Openwork within the next four years, under an agreement that will see Openwork continue to distribute Zurich product lines in the UK.
Advisory network giant Sesame has topped the list again for being the most complained about advice firm in the UK, data from the Financial Ombudsman Service reveals.
Advisory networking giant, Openwork, has decided to ditch its membership with the Association of Professional Financial Advisers (APFA).
Sesame received more complaints than any other advisory firm over the first half of 2014, the Financial Ombudsmen Service (FOS) has revealed in its half year results.
