Industry
OMGI UK Smaller Cos offshore fund loses Gold rating as Nickols steps down
Morningstar has placed the former Gold-rated Old Mutual UK Smaller Companies Focus fund under review following the announcement that manager Dan Nickols is to step down.
Mergers favoured as half of UK funds close in 10 years
Just under half (48%) of all UK domiciled funds that were active on 30 September 2005 are now closed, according to Lipper, a Thomson Reuters company.
ANALYSIS: Will ETFs and trusts breathe new life into platforms?
While some have been keen to pronounce platforms to be ‘dead’ providers do not seem willing to throw in the towel and have launched a counter-attack.
People Moves | 2 Nov 15
Old Mutual confirms Bruce Hemphill as group chief
Global financial services firm Old Mutual Group has confirmed the appointment of Standard Bank Group’s Bruce Hemphill as its new chief executive.
HSBC results hit by Asia market falls
HSBC has reported a 14% drop in profits for the third quarter of 2015 after adjusting for foreign currency movements, as the sharp falls in stock markets across Asia hit revenues in its retail banking and wealth management division.