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New Star's Whittaker replaced on flagship fund
Stephen Whittaker, chief investment officer at New Star Asset Management, has handed over his £253m (€321m) equity income fund after significant underperformance, marking the latest change in senior management at the beleaguered funds house.
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Morgan Stanley poaches $8m Citigroup wealth brokers
Morgan Stanley has poached two high-profile brokers from Citigroup to bolster its Latin American wealth management operations, according to a report in Financial Planning.
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Citigroup taps ex-Deutsche Bank wealth strategist
Citigroup has appointed Hak Bin Chua, formerly chief Asian strategist at Deutsche Bank Wealth Management, as head of research for its Singapore unit, according to a Reuters report.
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Rensburg Sheppards appoints investment director
Rensburg Sheppards Investment Management has named Chris Ring its senior investment director for its London private client team, according to a report in FinancialAdviser magazine.
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Boutique private bank hires former Italian head of UBS
Lugano-based Arner Bank has appointed Mauro Costa, the former head of UBS in Italy, to head its office in Milan.
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Merrills appoints four wealth specialists in Europe
Merrill Lynch's wealth management arm has strengthened its Iberia office with the appointment of a new team of four.
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Tilney exodus to Brown Shipley continues
Brown Shipley, the UK-based private bank, has hired its sixth banker from rival Deutsche Tilney - the the latest in a string of hires for its regional offices.
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Julius Baer scraps chief executive position, reports first half results
In announcing its first half 2008 results, Julius Baer said it would scrap the position of group chief executive as a result of the creation of standalone managed companies – Bank Julius Baer, GAM and Artio Global – within the group.
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Structured products head leaves New Star
London-based funds house New Star Asset Management's head of structured products has resigned, extending a list of senior departures from the group at a time when its two chief investment officers come under increased pressure after suffering negative performance on their funds.
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JP Morgan veteran joins Swiss fund of hedge funds
The US subsidiary of EIM, the $15bn (€9.4bn) Swiss fund of hedge funds, has tapped a 15-year JP Morgan veteran for a new role to oversee risk management in line with an expansion of its US business as companies ramp up controls following the market downturn.
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Brummel
From Stoke Park with love
After a hard working week, Brummell is always on the lookout for splendour and luxury, and Stoke Park Club certainly has both. The 49-bedroom five-star spa hotel set in sprawling parkland and 27-hole golf course are just seven miles from Heathrow – and you can be teeing off or lying prostrate under a masseuse’s masterly thumbs in less than an hour from your desk with a special offer for Brummell readers.
Rich Monitor
Will Smith tops Hollywood earnings list with $80m payout
Will Smith has emerged as Hollywood’s top earner, earning a massive $80m (€51m) last year, new figures compiled by Forbes have shown, according to a report in New York Daily News.