Stephen Jones has quit Glasgow-based Britannic Asset Management to join Edinburgh's Aegon Asset Management as a corporate bond portfolio manager.

Aegon has more than £10bn (€16.4bn) invested in corporate bonds. Jones will join a seven-strong team of managers focused on credit, headed by Daniel McKernan. The remainder of the fixed income team comprises eight fund managers focusing on government debt.

Aegon poaches corporate bond manager from Britannic

William Hutchings

Aegon

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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US law firm hires private equity specialist from key client

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Top executives at JPMorgan Chase traveled through states including Mississippi and Alabama, where the bank is expanding its reach.

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The U.K. central bank lowered its key rate for the fifth time in a year as it seeks to balance a pickup in inflation against a cooling jobs market.

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The private-equity firm’s profit rose amid what its executives called the best environment for selling assets in years.

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The U.K. Supreme Court said a commission from a bank to a car dealer isn’t considered a bribe and dealers don’t violate rules by not disclosing this commission to customers.

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