BNY Mellon

Run by former £1bn Income fund manager

Removed from trading

New hire to support flagship fund

Marketing and Innovation winners revealed

Wealth management firm Myddleton Croft has promoted former BNY Mellon/Newton retail sales head Julie Jones to managing director, as chief executive David Cowell moves to a chairman role.

Newton's chief investment officer Simon Pryke is leaving the firm after almost 20 years to pursue more commercial roles.

New guard make their mark

Markets have responded positively to news of a Conservative election win, but uncertainty over Britain's membership of the EU and Scotland's future are storm clouds on the horizon, according to economists and fund managers.

The Financial Conduct Authority (FCA) has fined BNY Mellon £126m for failing to comply with rules ensuring the safe custody of client assets.

What could wrong-foot investors?