Newton is trying to retain the services of Andy Headley, deputy fund manager on its Continental Euro...
Newton is trying to retain the services of Andy Headley, deputy fund manager on its Continental European fund, who Investment Week understands has resigned, writes Fiona Henderson.
Investment Week understands Headley, who is part of the three-strong team headed by Kieran Gallagher, resigned last week in the wake of a number of high profile departures from the group. Newton has refused to confirm or deny the departure.
The other member of Newton's European team, Jo Bowen, is on maternity leave while Gallagher is on holiday.
At the same time, RSA Investments has seen the departure of Aaron Barnfather, fund manager of the group's European Sicav and assistant fund manager to Davina Curling, manager of the RSA European fund. RSA believes he will be joining Newton.
Robert Matthews, managing director institutional and retail funds at RSA Investments, said: 'Barnfather does not run any Oeics or unit trusts, only the small European Sicav. He has left the company but will be out of the market for some time.'
Chris St John to take over £3bn UK Select Opps
The majority of financial advisers (85%) believe the number of self-invested personal pension (SIPP) providers will continue to fall in the coming year, according to Dentons Pension Management research.
Short-term noise or something sinister?