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The week in wealth management - most read on thewealthnet
19/05/2017 , News Team

Monday
Vin Murria increased her exposure to the financial services sector by acquiring an unspecified significant state in finnCap, a rapidly growing London-based corporate brokerage and investment bank founded by Sam Smith and chaired by Jon Moulton, another well-known private equity investor.  Ms Murria, who is a partner at Elderstreet Capital and senior adviser at Rothschild as well as owning a significant share of Hay Hill Wealth Management, through PS Foundation, her charitable foundation, will also become a strategic adviser to finnCapp, with a view to becoming deputy chairman in due course.

London-based Heartwood Investment Management, a division of Heartwood Wealth, the UK wealth management arm of Stockholm Sweden-based Handelsbanken, appointed Graham Bishop as an investment director.

Tuesday
Two divisional directors and an assistant director left Brewin Dolphin. Edward Maule, who worked as a divisional director in the firm's Cheltenham office, has been replaced by Paul Nurden. Based in the Marlborough office, Oliver Findlay has left after almost 14 years. Finally, Mark Rowe-Ham, an assistant director based in London, has left having joined the firm in 2005.

Editor at large Ian Orton took Barclays' Financial Personality Assessment.

Wednesday
It was announced that Hawksmoor Investment Management’s head of finance, John Wynne, had died after a walking accident in Snowdonia on Sunday (13/05/2017). A statement released by Hawksmoor described Mr Wynne as “an outstanding colleague and friend, whose calm and congenial approach made him universally popular”.

Brewin Dolphin’s chief executive said that the firm’s financial planning business is to gain more importance.

Thursday
Strand Capital Limited, an investment management subsidiary of Optima Worldwide Group plc, a London-based and Nasdaq First North, Copenhagen-listed financial services firm, initiated insolvency proceedings under the Special Administration Regime (SAR). Adam Stephens and Henry Shinners of Smith & Williamson and Virgil Levy of LA Business Recovery Limited are the joint special administrators charged with returning as much money as possible to clients of the firm following an assessment of its assets and liabilities.

Stewart Foster, chief executive of Third Financial, told thewealthnet that he expects its new platform business, Tercero Cloud, to reach £1 billion in assets by the end of 2017.

Friday
Freddie Pooter revealed a member of one of the most famous families in private banking has taken a role advising Jeremy Corbyn.

A self-proclaimed financial adviser and his wife have been found guilty of a £1.7 million property fraud plot after the UK’s longest ever criminal trial. Edwin Mclaren, 52, appeared before the High Court in Glasgow on charges of defrauding homeowners in a prosecution that started in September 2015. His wife Lorraine, 52, was convicted of involvement in the scam as well as one charge of mortgage fraud. She has been released on bail.
 

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