MFS Investment Management has appointed Richard Banks as assistant vice president, institutional sales and consultant relations, for its UK-based operations.
Banks joins MFS UK from Lombard Odier, where he spent 12 years. At Lombard Odier, his roles included spells as client relations manager, head of the performance measurement and client reporting team. He will work directly with Paul Price, MFS UK’s director of international marketing.
Speaking about his appointment, Price said: We are delighted that Richard has joined us. His client servicing skills and understanding of the international markets will be a great asset to our team.
Additionally, MFS recently won a $45m active US large cap mandate from the Massachusetts-based Cambridge Retirement System. Anne Leduc, executive director of the fund, said that MFS' contract will run for three years. Kevin Leonard, of Segal Advisors, is the fund’s consultant.
MFS was founded March 21, 1924 and created America's first mutual fund. The firm manages more than $154bn in assets on behalf of six million investors worldwide, as of January 31, 2001.
By Geoffrey Ho
Females can expect to live a greater number of years in poor health than males, according to data from the Office for National Statistics (ONS) for 2015 to 2017.
Scottish higher-rate taxpayers will benefit from more pensions tax relief than workers on the same salary anywhere else in the UK as income tax bands continue to diverge.
Schemes risk breaking the law and being forced to wind up as The Pensions Regulator (TPR) warns some may be master trusts but do not know so.
As a hectic 2018 draws to an end, Jonathan Stapleton wishes readers a quieter 2019.