Royal Bank of Scotland (RBS) has promoted its head of retail Ross McEwan to the role of chief executive, replacing ousted Stephen Hester.

Brewin Dolphin raised £38.6m through its recent share placing, which aimed to create £40m of new capital to fund investment in the business.

RSM Tenon head of wealth management John Porteous has outlined the three worries keeping him awake at night as he steers the business through a challenging environment for UK financial services post-RDR.

Charles Stanley has reported a jump in revenue over the first quarter of its financial year, pointing to growing FUM and increased investor confidence.

Brooks Macdonald has reported 45% growth in discretionary funds under management for the year to June, but warned the costs of investing in the business will drag on margins in 2014.

The UK government is considering divesting £5bn of its stake in Lloyds Banking Group as early as September this year, according to reports.

Anthony Wolfe has joined David Jane's multi-asset boutique Darwin Investment Managers to drive asset growth.

The Institute of Economic Affairs (IEA) is holding a competition to find the best plan for a 'Brexit' - a UK exit from the European Union (EU).

Invesco Perpetual's Neil Woodford is considering snapping up shares in Lloyds Banking Group when the government begins selling its stake, according to reports.

Royal London Asset Management's Martin Cholwill is backing wealth managers to outperform in the financial services space as he looks for stocks set to benefit from ‘survivor bias'.