'Superwoman' makes City comeback

Superwoman is back. Nicola Horlick, the pounds 1m-a-year mother-of-five fund manager who flounced out of Morgan Grenfell Asset Management in January, is almost certain to join a new London investment management house being set up by French giant Societe Generale.

She will work with John Richards, the 36-year-old head of UK institutional investment at Mercury Asset Management whose appointment was announced yesterday.

The appointment of Ms Horlick so soon after her high-profile departure from MGAM raised eyebrows in the City yesterday. The public spat between Ms Horlick and her previous employer was seen as extremely damaging to the reputation of the City and the bank, but especially to her.

Although the terms of her contract are still being discussed, Patrick Pagni, chief executive of SocGen's embryonic London operation, said yesterday: "Prospects are reasonably favourable she will join."

He said he had not been put off by the style of her departure from MGAM: "We are confident she will not put off potential fund managers or potential clients. She is a highly respectable woman."

Mr Pagni said Mr Richards, one of the most senior managers at MAM, had been given a brief to build up a meaningful presence in London for SocGen, where it has no fund management operation. In France, Societe Generale is the leading asset management business with about 10 per cent of the mainly bond-driven institutional investment market.

Philippe Collas, chairman and chief executive of SGAM, said: "The asset management market has seen unprecedented growth in the 1990s. We look forward to building a team with the skills and experience to develop a major asset management presence for SocGen in the UK market."

Spokesmen for MAM and Morgan Grenfell played down fears that SocGen was poised to poach its best fund managers.

The appointment of Mr Richards and Ms Horlick reunites the two 14 years after they started their City careers at MAM as graduate trainees. Equally successful, they have very different profiles after Ms Horlick was suspended then resigned from MGAM, accused of attempting to poach a team to defect to rival ABN Amro Hoare Govett.

Start your day with The Independent, sign up for daily news emails
PROMOTED VIDEO
ebooks
ebooksA special investigation by Andy McSmith
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Ashdown Group: Product Manager - (Product Marketing, Financial Services)

£30000 - £35000 per annum + Benefits: Ashdown Group: Marketing Manager - Marke...

Recruitment Genius: Compliance Assistant

£13000 per annum: Recruitment Genius: This Pension Specialist was established ...

Ashdown Group: Market Research Executive

£23000 - £26000 per annum + Benefits: Ashdown Group: Market Research Executive...

Recruitment Genius: Technical Report Writer

£25000 - £35000 per annum: Recruitment Genius: A Technical Report Writer is re...

Day In a Page

Isis hostage crisis: The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power

Isis hostage crisis

The prisoner swap has only one purpose for the militants - recognition its Islamic State exists and that foreign nations acknowledge its power, says Robert Fisk
Missing salvage expert who found $50m of sunken treasure before disappearing, tracked down at last

The runaway buccaneers and the ship full of gold

Salvage expert Tommy Thompson found sunken treasure worth millions. Then he vanished... until now
Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

Homeless Veterans appeal: ‘If you’re hard on the world you are hard on yourself’

Maverick artist Grayson Perry backs our campaign
Assisted Dying Bill: I want to be able to decide about my own death - I want to have control of my life

Assisted Dying Bill: 'I want control of my life'

This week the Assisted Dying Bill is debated in the Lords. Virginia Ironside, who has already made plans for her own self-deliverance, argues that it's time we allowed people a humane, compassionate death
Move over, kale - cabbage is the new rising star

Cabbage is king again

Sophie Morris banishes thoughts of soggy school dinners and turns over a new leaf
11 best winter skin treats

Give your moisturiser a helping hand: 11 best winter skin treats

Get an extra boost of nourishment from one of these hard-working products
Paul Scholes column: The more Jose Mourinho attempts to influence match officials, the more they are likely to ignore him

Paul Scholes column

The more Jose Mourinho attempts to influence match officials, the more they are likely to ignore him
Frank Warren column: No cigar, but pots of money: here come the Cubans

Frank Warren's Ringside

No cigar, but pots of money: here come the Cubans
Isis hostage crisis: Militant group stands strong as its numerous enemies fail to find a common plan to defeat it

Isis stands strong as its numerous enemies fail to find a common plan to defeat it

The jihadis are being squeezed militarily and economically, but there is no sign of an implosion, says Patrick Cockburn
Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action

Virtual reality: Seeing is believing

Virtual reality thrusts viewers into the frontline of global events - and puts film-goers at the heart of the action
Homeless Veterans appeal: MP says Coalition ‘not doing enough’

Homeless Veterans appeal

MP says Coalition ‘not doing enough’ to help
Larry David, Steve Coogan and other comedians share stories of depression in new documentary

Comedians share stories of depression

The director of the new documentary, Kevin Pollak, tells Jessica Barrett how he got them to talk
Has The Archers lost the plot with it's spicy storylines?

Has The Archers lost the plot?

A growing number of listeners are voicing their discontent over the rural soap's spicy storylines; so loudly that even the BBC's director-general seems worried, says Simon Kelner
English Heritage adds 14 post-war office buildings to its protected lists

14 office buildings added to protected lists

Christopher Beanland explores the underrated appeal of these palaces of pen-pushing
Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Human skull discovery in Israel proves humans lived side-by-side with Neanderthals

Scientists unearthed the cranial fragments from Manot Cave in West Galilee