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The week in wealth management - most read on thewealthnet

28/08/2018 News Team

Monday

The parent company of J O Hambro Captial Management (JOHCM) - Pednal Group – announces that JOHCM chief executive, Ken Lambden, would be leaving the company. Mr Lambden, who joined the firm in October 2016, will be on ‘gardening leave’ during his six-month notice period. Emilio Gonzalez, Pendal Group chief executive, will be acting JOHCM chief executive with immediate effect, temporarily relocate from London to Sydney.

Tuesday

According to research from TIME Investments, which specialises in tax efficient investments, the majority of UK-based financial advisers expect the number of private investors seeking help for inheritance tax-related (IHT) matters to increase over the next three years.

Wednesday

Investment management and financial planning group Tilney has appointed Gary Jasper as a financial planner in its Chelmsford office. Mr Jasper joins from Coutts where he has worked since 2014 as a wealth manager, and most recently as a director specialist adviser supporting sports, media and entertainment personalities.

HSBC Private Banking announced plans to create 240 jobs globally as part of plans to add scale and capacity in client-facing and investment-focused areas such as relationship management, investment counselling, and investment products and services management.

Thursday

Editor at large Ian Orton examines the strategies of UK-based investment management boutiques that sees them generate very high pre-tax profit margins.

East Anglia based SG Wealth Management’s (SGWM) managing director, Stephen Girling, has successfully completed a buyout of the business he founded almost 18 years ago with co-director Neil Shillito who has reached retirement age. The firm was launched by Mr Girling and Mr Shillito in 2001.

Friday

Marathon Asset Management (Marathon London), a London-based global equities specialist, secured a big mandate from Harbor Funds, a Chicago-based manager of managers. On 22 August Marathon became the sub-adviser to the Harbor International Fund which had $22.98 billion of assets under management in its four share classes at 31 July 2018.

Freddie Pooter looks at the life of Angela Burdett-Coutts, a scion of the private banking dynasty, who was one of the UK’s earliest and greatest philanthropists and who was recently named in a poll as one the most significant women in world history.

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