Embattled asset manager GAM shakes up almost half of its board after sacking star fund manager April 4, 2019 Embattled asset manager GAM has appointed three new directors as part of a board shake-up. The firm proposed that three women – former Syz Asset Management boss Katia Choudray, ex-Janus Henderson general counsel Jacqui Irvine and former AIG vice president Monika Machon – be elected to the board next month. Read more: Embattled fund manager [...]
Shock, horror: Patagonia bans sale of corporate branded vests to fintech and Wall Street firms April 3, 2019 Patagonia will no longer sell corporate branded vests to financial firms as the US outdoor clothing retailer aims to target more environmentally-focused companies. The company has banned the sale of its popular branded vests, which are a wardrobe staple on Wall Street and in Silicon Valley, to financial services and technology firms, it confirmed today. Read more: [...]
Quilter agrees £46m deal to buy financial advice firm Lighthouse April 3, 2019 Wealth manager Quilter has agreed to buy financial advice firm Lighthouse in a deal worth £46m. The acquisition would see Quilter, formerly Old Mutual Wealth, add Lighthouse’s 400 advisers to its network. Read more: Quilter boosts profits despite challenging market conditions Lighthouse’s board has accepted the offer of 33p per share – a 25 per [...]
Six tips to protect your portfolio during a market downturn April 3, 2019 When equity markets took a turn for the worse towards the end of last year, the onslaught of predictions about the end of the 10-year bull run came flooding in. With the markets creeping upwards since the start of 2019, it now seems that expectations of a bear market were premature. Even experienced fund managers [...]
Amazon tops Linkedin list of top 10 companies to work for April 3, 2019 A list of the top 10 companies that are seen as most attractive for workers released by Linkedin this morning revealed a varied mix of preferences for job hunters in the UK. Amazon, which recently raised wages after coming under criticism for employment practices and warehouse conditions, took the number one spot, with firms such as [...]
What is powering ISA millionaire portfolios? April 3, 2019 | City Talk By Jemma Jackson from interactive investor. For our ISA millionaires, investment trusts and a little luck are key to a seven-figure portfolio. Whilst there is always a huge focus on the most popular ISA season funds, data from interactive investor suggests that when it comes to the largest portfolios, it is investment trusts that are [...]
Babcock appoints former Shell executive Ruth Cairnie as first female chair April 3, 2019 Defence giant Babcock has appointed its first female chair in Ruth Cairnie, a former Shell executive and Rolls-Royce non-executive director. Cairnie will join the FTSE 250 government contractor as a non-executive director with immediate effect, Babcock announced this morning, boosting its shares one per cent in early morning trading. Read more: Defence giant Babcock's chairman [...]
Fintech Opengamma secures $10m funding led by London investor Dawn Capital April 3, 2019 Derivative analytics platform Opengamma has secured $10m (£7.6m) in funding led by London early stage investor Dawn Capital. The funding will allow Opengamma, which has doubled the size of its workforce and customer base over the last 12 months, to expand its teams in London, New York and Singapore and launch new products in the collateral [...]
If you want to close the gender pay gap, avoid these quick fixes April 2, 2019 This Thursday, 4 April, is the deadline for private and charity sector employers to submit reports on the gender pay gap within their organisation. The fact is that most employers have a gender pay gap, and the reasons behind them will differ in every case. Here are some of the most common pitfalls to watch out [...]
City Moves for 2 April – who’s moving jobs at Powell Gilbert, Stobart and Ashurst? April 2, 2019 Here are all the City Moves happening today: Powell Gilbert Specialist IP law firm Powell Gilbert LLP has promoted Siddharth Kusumakar to its partnership, increasing the total number of partners at the firm to ten. Since joining Powell Gilbert in 2012, Siddharth has advised clients across a variety of technologies, with a focus on multi-jurisdictional [...]
