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fund and wealth manager unite to

22 Apr 13

Senior players in a raft of City firms have signed up to Business for Britain, a euro-sceptic campaign launched today to show support for the government brokering a ‘new deal’ on the UK’s membership of the EU.

Senior players in a raft of City firms have signed up to Business for Britain, a euro-sceptic campaign launched today to show support for the government brokering a ‘new deal’ on the UK’s membership of the EU.

Jupiter’s head of financial equities, Philip Gibbs, and head of European equities, Alexander Darwall, are two high profile fund managers to put their name to the petition, alongside founding partner and fund manager at Odey Asset Management Crispin Odey.

Meanwhile, Paul Killik, founder of Killik & Co, Gavin Rocuhussen, CEO at JO Hambro Capital Management, and Jamie Berry, founder of Berry Asset Management, are just three of a host of wealth management leaders to have signed on the dotted line.

The campaign has been backed by over 500 businessmen and women in total, from FTSE 100 bosses such as Lord Wolfson, CEO of Next, and Richard Burrows from British American Tobacco, to relatively unknown entrepreneurs.

In an example of the encroaching powers of the EU, the IMA has warned the Financial Transactions Tax will still hit UK investors despite the country’s opt out. Elsewhere the European Fund and Asset Management Association predicted the FTT would cost investors a minimum of €13bn per annum.

New deal

“As business leaders and entrepreneurs responsible for millions of British jobs we believe the government is right to seek a new deal for the EU and for UK’s role in Europe,” the Business for Britain campaign said.

“Far from being a threat to our economic interests, a flexible competitive Europe, with more powers devolved from Brussels is essential for growth, jobs and access to markets,” it continued.

“We therefore welcome the launch of Business for Britain’s campaign for real change in the EU and urge all political parties to join in committing themselves to a national drive to renegotiate the terms of Britain’s membership of the EU,” the campaign concluded.

The brainchild of Matthew Elliot – who also launched the TaxPayers’ Alliance and Big Brother Watch – Business for Britain describes itself as a non-partisan campaign which is “absolutely not about leaving the EU”.

Businessmen and women looking to show support can sign up at businessforbritain.org. 

More financial services supporters of Business for Britain:

  • John Anderson, chairman at JO Hambro Investment Management
  • Henry Angest, CEO at Arbuthnot Banking
  • Noland Carter, CIO at Heartwood Investment Management
  • Tim Dier, executive director at Morgan Stanley & Co International
  • Charles MacKinnon, partner at Thurleigh Investment Managers
  • Peter Nicholson, chairman at RMG Wealth Manager
  • Mark Tyndall, senior partner at Artemis Investment Management

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International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.