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Evelyn Partners Appoints Matthew Spencer to Lead IFA Business Development
Evelyn Partners has appointed Matthew Spencer, a former managing director at Close Brothers Asset Management, as head of intermediaries to spearhead its IFA business expansion. He replaces Craig Wright, who is set to return to Australia next year, and will report to chief investment management director Chris Kenny. Spencer previously founded Mycelium Strategy, focusing on business development strategy.
crédit agricole and credit suisse lose appeal in bond cartel case
Crédit Agricole and Credit Suisse have lost their appeal against a multi-million euro fine imposed by the EU for participating in a bond market cartel. The Court of Justice of the European Union upheld fines of €3.9 million and €11.9 million, respectively, for colluding on trading strategies and price coordination over five years. Crédit Agricole stated it is considering further appeals but noted that the fine has already been paid, thus not affecting future results.
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