News

Premier Milton fund manager Hugh Grieves announces plans to retire after more than three decades in the industry. Mr Grieves co-manages the £253m Premier Milton US Opportunities fund and the £10.4m US Smaller Companies fund alongside Alex Knox and Aditya Khowala.

The board of Aberdeen's Dunedin Income Growth Investment Trust (DIGIT) has launched a "robust in-depth review" of the manager's investment philosophy and process, using an external consultant, after the trust's discount to net asset value (NAV) widened in the first six months of the year. The trust

Scottish Financial News is marking the retirement of Jeff Anderson, its long-serving advertising manager, who is stepping down after more than 18 years with the company. Jeff joined the business in 2008 and has played a pivotal role in helping to steer Scottish Financial News and its sister publicat

Scottish Friendly has appointed Scott McNeill as its new chief financial officer (CFO), subject to regulatory approval, ahead of the proposed OneFamily merger. McNeill who is currently chief actuary at Scottish Friendly, will succeed Alan Rankine, who has decided to step down from his role as CFO to

The Royal Bank of Scotland has appointed Catriona Penny as its new venture banking director, to support Scotland's most ambitious high growth companies and the investors backing them. Venture Banking supports founders and investors at critical moments of growth, providing specialist capabilities, in

New York hedge fund Sessa Capital has increased its stake in Baillie Gifford US Growth to 7.7% ahead of the trust's pivotal leadership vote later this month. Sessa is believed to have teamed up with activist investor Saba Capital Management, which is making its third attempt to replace the board wit

AJ Bell has appointed Andrew Donald as its new investment sales director. In the newly created role, Donald will lead adviser sales of AJ Bell's suite of investment solutions, including the distribution of its Managed Portfolio Service (MPS) and range of funds across the platform market.

Experts have warned that Scotland's financials services industry faces "economic risk" if policy fails to adapt in line with the changing nature of the industry. In a new report by the Scottish Digital Trust Centre of Excellence, it called for Scotland to act quickly to make the most of the increasi

Baillie Gifford has launched its new Baillie Gifford Enhanced Yield Fund (BAGEY) to eligible professional investors in Switzerland, the UK, Hong Kong and the Cayman Islands. The new fund is designed for financial institutions, fintechs, and regulatory bodies driving the adoption of tokenisation

UK crypto-as-a-service platform Zumo has launched a new UK Cryptoasset Regulation Tracker to help crypto firms and other financial institutions better align with incoming regulatory obligations. With the Financial Conduct Authority’s (FCA) authorisation gateway opening on September 30, firms a

John Swinney is facing a 'demanding test' at the Scottish Budget on December 3 on whether the Scottish Government's five-year ambitions can be met within a resource budget forecast to fall 1.2% in real terms in 2027-28, a figure that could change after the UK Budget, the Fraser of Allander Institute

Liontrust has agreed to acquire the fund management and model portfolio services (MPS) business of Hawksmoor Investment Management for up to £10m in cash. The deal comprises an initial cash payment of £6m on completion, plus two contingent cash payments of up to £2m each, payable 1

@sipp, the independent, off-platform SIPP and SSAS provider has appointed Helen Carr as business development manager. She will join from Nucleus Group subsidiary Talbot & Muir, bringing more than two decades of specialist SIPP and SSAS experience, as the firm expands across the UK. She will supp

Nucleus Financial Platforms has announced the appointment of Quilter's Dave Reynolds as chief technology officer.  

A legal expert has warned the Financial Conduct Authority's (FCA) plans to update rules to stop companies using loopholes in regulation to take over investment trusts will fail to stop shareholders repeatedly requisitioning meetings. The warning comes as Baillie Gifford US Growth Trust prepares to f