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Greece will stay in the euro despite on-going political instability as the potential economic fallout from its exit would significantly hit global markets, a fund manager has said.
Old Mutual has said the merger of its two UK asset management businesses could result in job losses – but denied the move is a "cost-cutting" exercise.
Old Mutual is unifying its two UK asset management businesses, Old Mutual Asset Managers UK (OMAM UK) and Skandia Investment Group (SIG), into a single business with the view to rebrand under one name.
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After a mixed 2011, the Sterling Strategic Bond sector has made a positive start to this year. Charlotte Richards finds out whether this trend is set to continue.
Investment Week, IFAonline's sister title, rounds up the most memorable quotes from our favourite (and most outspoken) industry commentators in 2011.
Novia has appointed Sally Stephens, formerly of Skandia, as head of operations.
The Financial Services Authority (FSA) has appointed the group finance director of Rathbones to a non-executive role on board of the Financial Services Compensation Scheme (FSCS).
Paul Feeney is set to join Old Mutual's Long-term Savings divison (LTS) as chief executive of asset management.
It has been another busy week in the world of financial services...
The decision by Standard and Poor’s to downgrade the US’ prized AAA-rating for the first time came as no surprise to a number of fund managers.
Old Mutual saw profits climb in the first half, driven by cost cutting measures and the performance of its South African banking arm Nedbank, while Skandia saw its profits fall by nearly a third.
Old Mutual saw a net outflow of £2.6bn in the first quarter of the year, although assets under management edged up and Skandia saw growth in new business volumes.
Steven Levin has been appointed CEO of Skandia International, replacing the departing Andre Oszmann.
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