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Published: Wednesday, February 3, 2021
Laptop screen with White House. Photo credits: Claudine Hellmuth/E&E News (graphic); Francis Chung/E&E News (White House); Freepik (laptop)
The White House is still grappling with the fallout from a major hack of IT services provider SolarWinds, which led to cybersecurity breaches at several federal agencies including the Energy Department. Claudine Hellmuth/E&E News (graphic); Francis Chung/E&E News (White House); Freepik (laptop)
As new fallout and revelations emerge from the massive SolarWinds hacking campaign that hit multiple U.S. agencies, a barrage of other online threats is likely to challenge President Biden s pledge to boost cybersecurity.
Home / News / Rathbones unveils new chairman as it closes out volatile year with £55bn in assets
Rathbones unveils new chairman as it closes out volatile year with £55bn in assets
Clive Bannister will be the investment group’s first new chairman in a decade
Rathbones has closed out 2020 with £55bn in assets thanks to a bumper performance from its funds business as it unveils the former CEO of Phoenix will take over as its chairman.
The FTSE 250 investment group reversed the tide of outflows in Q4, netting £500m of inflows compared with £200m of redemptions in the previous quarter.
This took its total funds under management and administration up to £54.7bn for 2020, up 8.6% from £50.4bn in 2019. By comparison the FTSE 100 fell 14.3% over the year, while the MSCI Pimfa Private Investor Balanced Index was largely unchanged.