News

Steve Bee is to front a new website when he begins his role at Paradigm Partners.

Peter Hollis, head of the European equity team and a partner at Baillie Gifford, is leaving the company in April 2011.

There was a 6% rise in the number of companies in financial distress in Q4 2009, bringing the total to 140,000.

The WAY Group has brought the management of its funds in-house, ending an eight year relationship with FundQuest.

Standard Life had finalised the restructure of its executive team, including the appointment of two new members.

Close Asset Management is looking to acquire the client banks of about 40 IFA businesses over the next few years as part of an ambitious growth strategy.

J O Hambro Capital Management (JOHCM) is expanding its private client business with the launch of a subsidiary aimed at high net worth individuals.

Almost half a billion pounds of pension funds were transferred abroad in the first two years after pensions simplification to escape alternatively secured pension tax penalties, A J Bell says.

The number of mortgage products available surpassed 2,500 last week, for the first time since May 2009.

Schroders CIO Alan Brown has joined the IMA board following a number of changes at the trade association.