Hugh Everitt is to join Progressive Asset Management, writes James Thorneley. Everitt who left CGU l...
Hugh Everitt is to join Progressive Asset Management, writes James Thorneley.
Everitt who left CGU last week, where he was manager of the £1.4bn CGU PPT Monthly Income Plus unit trust, will take up a position with Progressive in the near future.
He will be responsible for developing the group's income products. In the short term Everitt will be involved in developing the group's first split capital investment trust. Progressive currently runs two investment trusts, the £66m Advance UK trust and the £103.8m Advance Developing Markets trust.
Despite improved risk appetite
FOS award limit increase
Relates to 136 million transaction reports
Ceremony will take place 13 November