Argonaut Capital Partners has confirmed it will split off from Ignis Asset Management, with Ignis retaining a 40% stake in the boutique.
Argonaut Capital Partners is set to become independent from Ignis Asset Management, following in the footsteps of previous joint venture boutique Hexam which split off last year.
Ashcourt Rowan's incoming CEO Jonathan Polin wants to grow the wealth manager's market share post RDR through organic growth and acquisitions.
Global markets are down this morning as investors vent their concern at eurozone leaders' "disappointing" efforts to stop the debt crisis.
Royal Bank of Scotland has blamed the European crisis and PPI claims for £1.4bn losses in the first half of 2011.
Money market funds in the US are building up liquidity as fears of a downgrade or default on the nation's debt intensify.
Aegon has confirmed it will rebrand its UK asset management arm as Kames Capital later in the year as Investment Week exclusively revealed earlier this afternoon.
The FTSE 100 fell in mid-morning trading on Wednesday as European markets absorbed Moody's downgrade of Portuguese debt to 'junk' status.
Nervous markets were further soothed yesterday as Greek MPs passed a law to implement strict austerity measures in a second round of voting.
Barings has added an emerging markets multi-asset fund to its range for head of the multi-asset team Percival Stanion.