UK: JP MORGAN FLEMING ASSET MANAGEMENT PLANS LAUNCH
Article Abstract:
JP Morgan Fleming Asset Management (JPMFAM) will be introduced in the UK on 14 May 2001 as a combined retail brand of asset managers Save & Prosper (S&P), Fleming, Chase and JP Morgan. JPMFAM will be headed by Paul Bateman for Japan, Asia and Europe, while Martin Porter and Pablo Forero will continue as chief investment officers. The UK retail business will be headed by Jamie Broderick and the fixed income division by Richard Oswald. The new brand includes JP Morgan's defined contribution and defined benefit pension funds, together with S&P's and Fleming's range of investment trust, Oeics and unit trusts. The Save & Prosper name will no longer appear in the unit trust business, with the brand to be kept by JPMFAM for its pension and life business.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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UK: NDF AND CREDIT SUISSE LAUNCH TESSA-ONLY ISA
Article Abstract:
NDF Administration and Credit Suisse First Boston have launched the Tessa Triple Plus 2 Tessa-only Isa which boasts 100% capital security on the grounds that it runs to full-term. The product offers 20% stock market-linked growth and 8%/y tax-free interest during pre-investment. A minimum investment of GBu 5,000 applies, with a maximum of GBu 9,000. The product is subject to 3% IFA commission.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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UK: NORWICH UNION APPOINTS GADD AS UK RETAIL HEAD
Article Abstract:
Norwich Union Investment Funds has appointed Alan Gadd as head of UK retail, with responsibility for UK marketing and sales. Gadd has worked within the retail asset management market for nearly 20 years and has a proven track record, claims a company official. Gadd, formerly HSBC's head of savings and investment, will also be responsible for driving the business strategy.
Publication Name: Financial Adviser
Subject: Business, international
ISSN: 0953-5276
Year: 2001
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