Yesterday Aberdeen Asset Management confirmed rumours it was in talks to buy Scottish Widows Investment Partnership (SWIP), a deal which would make it the largest listed fund management firm in Europe.
Deutsche Bank has appointed Nick Shellard as UK head of ETF sales to bolster the bank's ETF business in the UK market.
Aviva Investors has recruited Artemis UK hedge fund manager John Wood to run its UK Growth portfolio.
Shares in Aberdeen Asset Management are up 13p to 136p today after the company announced a £200m-plus deal to buy two strands of fund management business from Deutsche Asset Management.
INTEREST RATES may fall sooner rather than later, according to a report in the Scotsman this morning, as downbeat news about the economy suggests it is slower faster than expected.