Scots-born fund manager Scott McKenzie is leaving Morley Fund Management to head up Martin Currie's £30 million UK equity income fund, reports this morning's Scotsman .
The appointment is the latest in a flurry of high-profile City names poached by the independent Edinburgh investor to consolidate its rapid growth. McKenzie had managed funds totalling £1bn at Morley, is thought to have been promised a 2-3% stake in the private business to compensate for a cut in basic salary. THE FINANCIAL SERVICES AUTHORITY, which is regularly under fire for being “out of touch with the industry it regulates”, is apparently seeking to scotch some criticism by camouflaging itself as a business, suggests the Financial Times. The City watchdog is proposing to launch...
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