According to Financial News, Legal & General has hired recruitment firm to find next chief executive for its asset management arm. The newspaper claims that the agency is on the hunt for a talent who will replace Peter Chambers who is to retire as a chief executive of Legal & General Investment Management. Sources

The UK’s claims to be European centre for hedge funds may turn not true after a move of the third-richest hedge fund manager, Alan Howard to Geneva. Howard has announced his move in regulatory announcement to the London Stock Exchange and is going to move to Switzerland, according to Financial News. This means that Brevan Howard

As confidence returns to the financial services, City job vacancies have become the highest so far this year. Promisingly City workers are also beginning to check out the jobs market to find out what opportunities are available, figures from a City recruitment firm reveal. Compared to September the number of professionals looking for a new role was up

In a public hearing in Brussels, Gerben Everts, head of global regulation for APG Asset Management, told the European parliament to scrap the current draft of the controversial directive which will be introduced to regulate hedge funds and private equity firms and start the process again. He said that the European policy makers needed to “get realistic”

As the recent 3rd quarter financial reports show improved profitably, the asset management industry has returned to hiring full-time staff, after using short term contracts over the last year. It is reported that due to climbing equity prices and overall improved profitability, asset managers have become cautiously more optimistic about recruitment since September. As one senior recruitment

According to Financial News analysis of indicies from data provider Hedge Fund Researcher, the average fund the week before last needed only a 2% gain to reach the same value as on June 30th 2007, at the height of the last boom. This indicates that the hedge fund industry is on the verge of recovering all

Tesco, the supermarket group and a mooted bidder for the "good" part of Northern Rock, announced that its financial services arm will create 1,000 jobs in Newcastle, the home town of the nationalised bank. The announcement came on the morning that the European Union approved plans for Northern Rock to be split into two.

MGPA, the Macquarie-backed private equity group, is set to buy a £90m residential land company owned by Clerical Medical. MGPA is in final talks to buy Land Improvement Holdings, a 156-year company that owns swathes of development land in the UK. MGPA has been given exclusivity on the deal ahead of a bid from Carlyle, a