Citigroup Asset Management has announced that Rudolph Leuthold has joined its European equity team as a senior European portfolio manager.
Swiss-born Leuthold's main responsibility will be pan-European investment. He spent over 25 years at JP Morgan, where he concentrated on European equities and was responsible for more than $5bn of investments.
His extensive knowledge and experience of European equities will provide a major positive input to the European equity team, particularly given his language skills, said Nigel Bolton, managing director and head of European equities at Citigroup Asset Management.
He has considerable experience of working within a disciplined dividend discount model framework of the kind we use and knows many of our analysts.
The Department for Work and Pensions (DWP) will develop and test new ways to include 4.8 million self-employed workers in pension savings.
Opt-out rates at the end of June 2018 "remained consistent" with levels before the April contribution rate increase, according the Department for Work and Pensions (DWP).
The Pensions Regulator (TPR) has appointed Charles Counsell as its new chief executive, who will take over from Lesley Titcomb next year.
The Financial Reporting Council (FRC) should be abolished and audit and advisory businesses should be split into separate entities to improve the sector for both savers and investors, two reports published today say.