Federated Hermes nabs Jupiter sales manager for UK wholesale team
Jupiter sheds second member from its sales team in a week
Jupiter has lost its second salesperson in a week as Federated Hermes poaches Mike Daly for a sales director role.
Joining in June, Daly (pictured) will report to Federated Hermes head of UK wholesale distribution Dan Churchouse and will be responsible for raising third party assets and generating new revenues from UK Wholesale clients in London.
Daly had been at Jupiter for the last 13 years, joining the firm in 2008 and becoming a sales manager in 2011, focusing on banks, wealth managers and fund of funds in London and the Channel Islands.
Schroders flags poor performing multi-manager range in value report for second year running
Second AoV report finds nine of the FTSE 100 firm’s funds did not consistently demonstrate value
Schroder’s multi-manager team faces tough questions as the majority of its funds have been flagged for poor performance for the second year running.
In the FTSE 100 asset manager’s second assessment of value (AoV) report its fund board determined that 80 out of 89 funds had demonstrated value.
But once again the fund board concluded that four out of six of its multi-manager funds, run by Robin McDonald (pictured) and Joseph Le Jehan, had failed to consistently demonstrate value.
Home / News / Weekly outlook: Queen’s Speech; US and China inflation figures and BT full-year results
Weekly outlook: Queen’s Speech; US and China inflation figures and BT full-year results
The key events for UK wealth managers for the week starting 10 May
Monday 10 May
-Full-year results from Provident Financial
-Trading update from funeral services provider Dignity
-In Asia, trading updates from silicon chip foundries TSMC and UMC and quarterly results from JD.com
-In the US, quarterly results from BioNTech
Tuesday 11 May
-The Queen’s Speech
The Queen’s Speech will set out the government’s legislative agenda including details on long-term care reform, addressing issues with pension tax relief and the future of the state pension.
Mirabaud installs Julius Baer veteran as new wealth boss
Stuart Bates roped in for Swiss private bank’s UK wealth push
Mirabaud has hired Stuart Bates as the new CEO of its wealth management branch, as the company looks to bolster its UK wealth proposition.
Bates (pictured) will lead a team to boost awareness of Mirabaud’s “global, independent and customised approach” to UK wealth management.
Bates said: “I will be focused on strengthening our UK platform and expanding our presence in the UK through the selective hiring of relationship managers,” adding that “central to this objective will be enhancing existing structures, and creating and customising strategies that will deliver long-term value and positive outcomes for clients”.