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HAMBROS TAKES ON RYEDALE MANDATE

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Ryedale DC has appointed Hambros its new cash fund manager following a post-reorganisation review. The council had ...
Ryedale DC has appointed Hambros its new cash fund manager following a post-reorganisation review. The council had previously appointed Schroder and Hill Samuel to manage around £8 million each.

Both had performed satisfactorily but were nearing the end of their contracts, said John Patten, the council's director of resources. Ryedale is also in the process of transferring around half its cash funds to the new York unitary authority. Hambros will start work on 1 October with a £7m fund.
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