F&C's Catherine Stanley has nearly completed the rationalisation of the £800m Stewardship range of funds after taking the reins in June this year.

Pearl Group has merged Ignis Asset Management and Axial Investment Management, with both groups now trading under the Ignis brand.

Andy McNulty has joined J.P. Morgan Asset Management as regional sales manager covering the north of England.

OBSR has withdrawn the £156m New Star Global Financials fund's ‘A' rating following the departure of lead manager Guy De Blonay last week.

The current commercial property recovery is not being driven by fundamentals and could be short lived, according to HSBC Open Global Property fund manager and head of multi-manager Guy Morrell.

HSBC says it will cut 1,700 jobs in the UK.

The UK and European markets lag Asia and the emerging world for attractive small cap opportunities, Invesco Perpetual says.

Royal Bank of Scotland (RBS) and Lloyds have both agreed to defer bonuses in return for an additional £40bn of taxpayers' money as part of a deal with the Government that will break up two of Britain's biggest lenders.

J.P. Morgan Asset Management has hired three new senior portfolio managers from Fortis for its emerging market debts team as it seeks to enhance its fixed income offering.

BNY Mellon Asset Management has completed the acquisition of Insight Investment Management from Lloyds Banking Group for £235m.