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Today’s news in brief – 21/5/2024

Evelyn Partners has appointed Craig McGuire as an investment director in its Jersey office. McGuire, with 25 years of wealth management experience from firms like Canaccord Genuity Wealth Management and HSBC Global Asset Management, joins Evelyn Partners to aid in their growth strategy in the Channel Islands. Matt Falla, managing partner, expressed confidence in McGuire’s ability to benefit clients with his extensive experience. Evelyn Partners operates across 29 locations in the UK, Ireland, and the Channel Islands, aiming to expand its wealth management services.

Sedulo Wealth has appointed Steven Hilditch as the new wealth planning director for the North West region. Hilditch, with over 30 years of financial planning experience from firms like Mercer, will be based in Liverpool. His role involves advising clients across the region as part of Sedulo Wealth’s growth strategy, which includes placing qualified experts in key cities. Jon Fisher, head of wealth management, and Hilditch emphasised the importance of building long-term client relationships and supporting colleagues’ career development. Sedulo Wealth recently surpassed £270m in funds under management.

John Butler, former finance policy lead at the National Housing Federation, has joined Buzzacott’s Social Housing Finance team. Butler brings extensive experience in social housing finance, having worked with registered providers, investors, and government entities. At Buzzacott, he will support housing associations with audit, accounting, and financial advice, aiming to address the shortage of auditors in the sector. Butler looks forward to continuing his career at Buzzacott, known for its strong reputation in social housing and not-for-profit sectors. Partner Hugh Swainson praised Butler’s unmatched expertise and welcomed his contribution to the firm and its clients.

PwC’s 2024 Global AI Jobs Barometer has revealed that sectors heavily exposed to AI are seeing nearly five times higher growth in labour productivity. Analysing over half a billion job ads, the report highlights that job postings requiring AI skills have grown 3.5 times faster than all jobs since 2016. Jobs demanding AI expertise offer up to a 25% wage premium, especially in sectors like financial services and IT. The findings underscore the need for workers to acquire new skills and for organisations to invest in AI strategies to capitalise on economic opportunities and improve productivity.

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