Lloyds to split its bank advice arm for RDR

Lloyds will create two types of branch-based advisers. Financial consultants will work as protection specialists while a second group will offer “wider financial planning advice”.


Veritas Asset Management adds to team

Narayanaswamy joins from Fidelity Investments where he spent five years as a global equity analyst, specifically covering global industries including construction materials, capital goods and utilities.


Investec appoints former IMF director Lipschitz

He has held senior positions in three area departments at the IMF, including Asian and Pacific, African and European, as well as holding posts in the policy development and review department.


Momentum hires from BlackRock for UK push

Brown has worked in business development for a number of years, working as a sales director at F&C before moving to Blackrock to work on an educational campaign for wealth managers.


Clyde & Co expands pensions practice with investment expert

She previously worked in the investment management industry and sits on the investment sub-committee of the Society of Pension Lawyers. Read more: http://www.professionalpensions.com/professional-pensions/news/2153549/clyde-expands-pensions-practice-inve


Terra's CEO steps down after FSA report

The equity trading desk and associated equity analysis operations will be closed after a preliminary report from the FSA identified “serious deficiencies” in the management of Terra’s stockbroking unit Terra Securities AS, the Oslo-based