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Portman appoints director of marketing

Portman has appointed Andrew McQueen as director of marketing.

McQueen joins the society on February 3 and will be responsible for all marketing functions within the Portman Group. He was previously at Goldman Sachs and has much relevant experience gained from the publishing, dotcom and financial services sectors.

Portman&#39s group development director Matthew Wyles says: “I am delighted that we have succeeded in attracting someone of Andrew&#39s calibre. His appointment further strengthens our senior management team and I am confident that Andrew will make a very valuable contribution to our continuing success.”

McQueen says: “Portman is a very successful, dynamic operation. I am really looking forward to working with my new colleagues to grow the business further.”


Manufacturing industry sees further decline in operations

The number of manufacturers operating below capacity has risen to a 20-year high, fuelled by a relentless two-year decline in orders and output. The CBI&#39s Quarterly Industrial Trends survey, published yesterday, also shows manufacturers&#39 confidence dropping further as weak global demand threatens to keep the sector mired in recession. It finds that 74% of firms […]

FSA unveils draft rules on depolarisation

The Financial Services Authority yesterday published Consultation Paper 166 setting out the detail of how it proposes to abolish the polarisation regime for those advising on packaged product business. The FSA board&#39s decision to abolish polarisation was announced on November 21 2002 following lengthy consultation. David Severn, head of retail projects at the FSA, says: […]

Coventry woos first-time buyers with new products

Coventry Building Society has launched a new range of mortgages aimed at attracting the first-time buyer market. Coventry has launched a range of first time buyer-only products including a 1.40% discount (current applied rate 4.35%) until September 30 2005 before changing to a 0.76% discount until September 30 2008. Among fixed rate deals on offer […]

West Brom to establish a brave New World

West Bromwich Building Society is to launch an intermediary subsidiary in autumn this year under the name New World. The New World brand was acquired in March 2002 when the society acquired a residential UK mortgage portfolio from the Commonwealth Bank of Australia. The acquired portfolio sits on the books of the West Bromwich Mortgage […]

Europe: why persist with value today?

By Rob Burnett, Neptune’s Head of European Equities The Neptune European Opportunities Fund remains committed to a value bias. We see a broadening array of opportunities in diversified industries at compelling valuations today. The most complicated part of the market is the European banks. We are currently overweight in this sub-sector as many banks are […]


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