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Fund manager changes and appointments in 2004 - for earlier years click here

December

Former Isis manager Michael Kerley has taken the post of deputy fund manager on the Henderson TR Pacific trust. He was previously head of Pacific Basin Equities at Isis.

 

Bill Brown and Robert Mitchell are leaving Foreign & Colonial to establish their own investment boutique. They have reached an agreement with F&C which will see them manage the Active Capital, AIM VCT and AIM VCT 2 trusts and Mitchell will also continue to manage the Discovery Trust under contract to F&C.

 

Alex Odd is leaving Jupiter to join M&G where he will work alongside Richard Hughes on the Extra Income fund and fund of investment trust shares.

 

New Star Investment Funds has appointed Dan White as an analyst on its European desk. White was previously with CIC Securities in their Paris office.

 

AXA Investment Managers have appointed Kieron Nutbrown as head of tactical asset allocation. He joins from Investec.

 

Insight Investment has recruited Simon Marriot as a senior director to its property fund management team. He will report to managing director of property Duncan Owen who he will work alongside on the St James's Place Property Portfolio. Marriot joins from Quintain Estates & Developments.

 

Baring Asset Management have appointed Bryan Collings as head of emerging markets, replacing Kate Munday. Collings joins from Deutsche Asset Management where he was director, emerging market equities. Munday is moving to become director of client service.

 

November

Steven Westwood is leaving Henderson Global Investors to join Fidelity, where he will be director of investment trusts.

 

F&C Asset Management chief investment officer Tony Broccardo is to become the lead manager on the F&C Managed Distribution fund. The previous manager, and chief investment officer at ISIS, Robert Talbut, left the group recently following the merger of the two companies.

 

Morley have appointed Mark Watts as head of global fixed income. Prior to joining Morley he was at Baring Asset Management.

 

A reshuffle at AXA IM sees 3 managers leaving the company with one joining. Martin Cholwill, manager of the UK Equity Income fund, along with life fund managers Brian Kirkland and Adrian Warwick are leaving, while Richard Prew joins from Hendersons. Prew will run both institutional and retail money, on the retail side managing the UK Growth Fund and General Unit Trust. Previously both of these funds were managed by Ricahrd Marwood, who remains with the group but switches to work on the companies' Distribution Fund. Management of the UK Equity Income fund will become the responsibility of head of UK equities, Stuart Fowler, who Prew will report to.

 

There are a number of changes to the Legal & General fixed income team. Stuart Steven is relinquishing his role as as manager of the Fixed Income fund and as head of of the investment grade team will concentrate on the investment grade process across all products. The fixed income fund will be managed by Malcolm White who joined L&G recently from First State. White will also run the Managed Income and monthly Managed Income funds. Current manager of these funds, Robert Barnard Smith is relinquishing that role in order to concentrate on institutional mandates.

 

Martin Currie head of research, Susan Smith, is leaving her post for personal reasons. She will be assisting with the selection of her successor.

 

Former Jupiter head of investment trusts, Andrew Watkins, is to join Invesco Perpetual as distribution director for its closed end funds.

 

Simon Melluish has resigned as co manager of the Gartmore US Growth, possibly in order to move to the US. He will be replaced by Gary Haubold, who will also continue to the Gartmore Small Cap fund.

 

Mervyn Douglas will take over the Legal & General Growth Trust when he joins the company next year. Douglas will join L&G from Morley Fund Management. The L&G Growth fund has been managed on a caretaker basis by Tim Mann since the departure of Ashley Reid earlier this year.

 

Alan Wilde joins Baring Asset Management as a senior fund manager on the fixed interest team. Based in London he will be a member of the team lead by Mario Valenise. He joins from Abbey National Asset Management.

 

Kerry Goh is to leave the recently merged F&C group where he was recently appointed head of Japanese equities. It is believed he is returning to Singapore.

 

Bryn Jones joins Rathbone Unit Trust Management as manager of the Ethical Bond fund. He joins from Merrill Lynch Investment Managers and replaces Luke Hickmore who is leaving to pursue a career as a credit strategist.

 

Aegon Asset Management has appointed Simon Carter as head of international tactical equities. He joins Aegon from Morgan Stanley and a member of Aegon's senior equity management team he will head the company's range of overseas tactical funds, including Aegon American, European Equity, Technology Tactical and Worldwide Tactical. He will also become lead manager on the Aegon American fund, replacing Elaine Crichton who left the company recently.

 

Lloyd Whitworth is appointed head of the core UK equities team at Morley Fund Management. Whitworth joined Morley earlier this year and had previously held positions at Dresdner RCM, JPMorgan Fleming and Allied Dunbar.

 

Adrian Jackson has been appointed as an energy analyst at Investec Asset Management.

 

Will May is relinquishing his post as assistant manager of the Neptune Japan Opportunities fund.

 

The role of Martin Currie chief investment officer James Fairweather has been revamped to allow him to spend more time on investment matters. Responsibility for such matters as personnel management has been passed to Tim Hall, the head of client servicing.

 

Morley Fund Managers has appointed Rita Dhut as head of European equities following the recent departure of Gavin Corr. Dhut has been with Morley since 2001 when she joined from M&G.

 

Samir Patel has joined Charlemagne Capital as a Latin American fund manager. Previously Patel was manager of the Pictet Latin American fund.

 

Investec Asset Management have appointed Jerry Toner as manager of the Global Bond fund to replace the outgoing Kieron Nutbrown. Toner joins from F&C Asset Management where he had occupied a variety of positions and roles.

 

Gavin Corr has left Morely Asset Management to join Merrill Lynch. Corr, who was manager of the European fund, is to join Merrills in January where he will become a member of the European equities team reporting to James Macmillan. Corr's deputy at Morley, Bruno Berry will manage the European fund with immediate effect.

 

October

Current director of specialist funds at Henderson Global Investors, James Robinson, is to leave the group at the end of the year.

 

Former Jupiter fund manager Kenneth Warnock has joined Premier Asset Management to run its UK Opportunities vehicle. Warnock left Jupiter, in February 2003 to go travel.

 

Alex Ingham is joining Morley Fund Management as a US manager. Ingham was previously head of North American equities at Aberdeen Asset Management and manager of the groupís North American unit trust. Penny Kyle has also joined Morley as head of US equities from American Express Asset Management.

 

Crispin Cripwell is to join Baring Asset Management in November to co-manage the groupís Global Growth Trust with current manager Chris Lees. Cripwell will be a senior investor in the multi asset team, reporting to head of asset allocation Percival Stanion. Cripwell was previously head of US equities at Insight Investment.

 

The six member strong Cazenove global equities team, lead by Simon Somerville, have left the group. As a result the company is currently assessing the future of its Global Opportunities fund, which is for the moment being looked after by chief investment officer Anne West.

 

Baring Asset Management have appointed Hyung Jin Lee as a senior investment manager for Asian equities.

 

Schroders have appointed David Scammell as manager of the Gilt & Fixed Interest fund. Scammell was formerly director of investments at Anchorage Capital Partners. At Schroders he will report to head of UK fixed income Jeremy Cave.

 

Royal London Asset Management has appointed ex Isis chief investment officer Roger Talbut as its cio. Talbut takes over from Andrew Carter who has been fulfilling the roles of both cio and chief executive.

 

JPMorgan Fleming has recruited three new members to its Japanese investment team. Stuart Cox, Noriko Kuroki and Eiji Saito have joined the team as investment specialists. Cox joins from from Insight Investment where he was a senior fund manager. Kuroki has transferred from JPMorgan Securities to join the Japan team and Saito joins from Nikko Asset Management.

 

Simon Clinch has replaced Alex Ingham as head of US equities at Aberdeen Asset Management. Clinch, who will report to head of equities Hugo Young, will take responsibility for the North American fund which was previously managed by Ingham, who is leaving the group.

 

Isis UK Prime fund manager Mike Felton has resigned from the group. His deputy on the fund, Derek Mitchell will assume responsibility in a caretaker role.

 

David Jacob is to join Henderson Global Investors as head of fixed income. He previously worked at UBS Asset Management. Now that Hendersons have individual heads of equities, fixed interest, private capital and property the role of chief investment officer is being dispensed with, and current incumbent Ian Buckley is set to leave the group in March 2005.

 

The management of the Invesco Perpetual US Smaller Companies fund has been transferred back to the UK, under the management of Ian Brady. As a result Brady now run's money on all the group's US retail products.

 

Insight Investment have appointed Sandy Black as head of equities. Black was formerly the head of the European equities desk at Deutsche Asset Management.

 

Laurent Ducoin has joined Merrill Lynch Investment Managers as part of the European specialist equity team from CIC Securities in Paris.

 

The new manager of the DWS UK Blue Chip fund is Nick Evans, who takes over following Michael Crawford's departure from the group.

 

Following the merger of F&C and Isis, Christian Dangerfield will take charge of the Pacific Equities desk, while Kerry Goh will be head of Japanese equities. Reporting to Goh will be Soh Lay Peng and Kaori Ishii. Mike Hanbury-Williams has been named as deputy head of Asia and will report to Dangerfield, along with managers Mark Williams, Mike Kerley and Calum Graham. Hanbury-Williams continues to manage the Isis Pacific Assets investment trust and it seems likely that Mark Williams will continue to manage the Isis Pacific Growth Oeic.

 

Henderson UK Capital Growth fund manager Richard Prew has left his portfolio, leaving the fund under the stewardship of Mileen Rash.

 

ISIS Strategic Bond and Extra Income Bond fund manager James Foster has left the company after returning from his sabbatical. His departure means that Fatima Luis and Alexandra Ralph move from being interim managers to lead and deputy on the Strategic Bond and Extra Income funds.

 

Insight have appointed Jeff Atherton to manage their Japan Equity fund. He replaces Stuart Cox who is leaving to join JP Morgan Fleming. Atherton, previously a member of the global equities team at Societe Generale Asset Management, will have the post of director of international equities at Insight.

 

James Hanson has joined Charlemagne Capital as head of risk management. He joins from JP Morgan Fleming where his role was performance and risk analysis.

 

Legg Mason Value Trust US mutual fund assistant manager, Nancy Dennin, is leaving her position and moving to the group's private client division. No direct replacement is anticipated. Current manager Bill Miller will continue to head up the investment team.

 

Co-manager of the Collins Stewart US Equity fund, Piers Watson is leaving the group as he plans to emigrate. Remaining manager Neil Smeaton is reportedly in the process of finding two others to assist him.

 

David Sheasby is joining Martin Currie as a member of the international equity team. Sheasby, who will be a director of multi regional products, was previously with Aegon.

 

September

Emerging market debt expert, Alia Yousef, is joining First State as Portfolio Manager on its Global Fixed Interest team in October. She joins from Fischer Francis Trees and Watts where she was Emerging Markets Portfolio manager.

 

Jeremy Lodwick will join Framlington as chief investment officer in November. He replaces Neil Birrell who left Framlington in 2003, since which time the post has been occupied by chief executive Peter Chambers.

 

Head of equity research at Martin Currie, Susan Smith, is reportedly to leave the company by the end of the year.

 

Bob Yerbury is reportedly handing over the management of the Invesco Perpetual International Equity fund to Kathryn Langridge in the next few months.

 

Ailsa Craig has joined Baring Asset Management from Insight Investment as an analyst on the pan European small and mid cap desk, specialising in pharmaceuticals.

 

Newton Investment Management has appointed 2 new analysts to its global research team. Robert Canepa-Anson, formerly with Deloitte & Touche will analyse companies in the utility sector and Tim Lucas, formerly with Insight Investment Management, will take responsibility for leisure and support service companies.

 

Alan Conway is joining Schroders as head of emerging market equities. Conway was previously with West LB Asset Management (UK) as head of global emerging markets and chief executive officer of WestAM (UK). He will report to Schroders global head of equities, Ken Lambden and will assume the investment responsibilities of Peter Clark, CEO of Schroders in the Americas.

 

Allianz Dresdner has appointed Jeremy Thomas to its UK equity team as a portfolio manager. Thomas was formerly a director in the UK Equity Portfolio Management team at Isis, with responsibility for stock selection and portfolio construction for pension funds.

 

Harriet Parker has joined Morley Fund Management as an analyst on the SRI team to assess the probable financial impact of certain social and environmental issues on companies. Prior to joining Morley she was an external consultant to the SRI team.

 

Graham Kitchen is joining Threadneedle from Invesco Perpetual to head up the UK equity team. Kitchen was until recently co-head of investment at Invesco Perpetual.

 

Allianz Dresdner Asset Management has recruited Neil Winward as product specialist, investment trusts, replacing Paul Seaton-Burn. Winward joins from Morgan Stanley Quilter and will report to head of investment trusts, Simon White.

 

Ewan McAlpine has joined Merrill Lynch Investment Managers as a sterling fixed income specialist on the UK fixed income team. He joins from Schroder where he was product manager for UK fixed income.

 

Ken Hsia is joining Investec as a sector specialist in its UK equities team. Hsia will also work alongside Dan Hanbury as assistant portfolio manager on the UK Smaller Companies fund. Hsia was previously with hedge fund specialists, MoVa Investment Partners.

 

Pioneer Investments has appointed Zeke Diwan as senior high yield credit analyst for its European fixed income team. Diwan joins from Citigroup in New York and reports to head of emerging markets and European high yield, Greg Saichin.

 

Baring Asset Management has appointed James Thorne and Nicholas Williams to its UK Smaller Companies and Europe Select funds respectively. Thorne is expected to join next month from 3i and replaces Andrew Neville who left to join Allianz Dresdner earlier in the year. Williams joins from Singer and Friedlander Investment Management where he was most recently a director specialising in the fund management of institutional European funds.

 

Michael Markham is no longer running Investec Monthly High Income fund with the responsibility passing to Peter Burbank. Burbank will co manage the portfolio with Chris OíHare, who has been with Investec for nine years, focusing on high yield and UK fixed income for a variety of clients. He joins from Merrill Lynch, where he was a director in credit research. He will manage the groupís credit selection process, overseeing stock specific issuer analysis. Markham will now be responsible for the development of Investecís front-office fixed income system.

 

Former Brown Shipley private client manager Michael Clarkson has been put in charge of the Solus Balance, Growth and International funds of funds.

 

Fixed income manager BlueBay Asset Management has hired former Putnam Investments' Anthony Robertson as a senior portfolio manager. Robertson was responsible for the Putnam / New Flag Euro High Yield fund.

 

Framlington emerging markets manager and chief economist Jonathan Asante is to leave the group later this year to join First State as a senior analyst focusing on non-Asian emerging markets. Reporting to head of emerging markets Angus Tulloch, Asante will form part of the team that works with the manager of the Global Emerging Markets fund, although he will have no retail fund of his own to run. Asante has been with Framlington for nine years, overseeing the groupís Emerging Markets fund since January 2000, after taking over from William Calvert. Calvert will assume temporary control of the portfolio if there is an interim period between Asanteís departure and a new appointment being made.

 

Morley fund management has moved the management of the US high yield bond element of the Norwich Managed High Income fund to its fixed income team in Boston. Head of fixed income in Boston, Dan Fasciano, will take over the portfolio.

 

Christows' head of research James Hughes has joined Axa as a portfolio manager in its multi manager divison. Reporting to CIO Phillipe d'Orgeval, Hughes will contribute to the manager selection for UK equities, fixed income and European equities, as well as being responsible for portfolio construction, cash management and asset allocation strategy.

 

Isis Global Bond fund manager Richard Stevens is leaving the group to join Legal & General. It is likely that a replacement will be found as a result of the recent merger between Isis and F&C.

 

Gartmore Investment Management has appointed Peter Allright to its fixed income team. He joins from Royal London Asset Management where he managed the Royal London Index Linked Gilt fund and oversaw bonds across various portfolios.

 

Jeff Morton is appointed as a fund manager on the Merrill Lynch Investment Managers real estate team.

 

It is reported that Tom Berger will join Skandia Life as chief investment officer at the beginning of October, from Winterthur Life.

 

Billy Chan has ceased to manage the Invesco Perpetual Hong Kong & China fund. He will remain as CIO of Invesco's joint venture based in Shenzen. Current Hong Kong pensions team head Paul Chan will take over the day to day management of the Hong Kong/PRC offshore funds, with Invesco Perpetual currently seeking another senior fund manager to join the team.

 

Andre Argyle is stepping down from management of the Schroder Gilt & Fixed Income fund. After 9 years with the group he is leaving to take up a sales position with Goldman Sachs. Head of Schroders' UK fixed income team Jeremy Cave will take responsibility for the fund until a replacement is found.

 

August

Antony Gifford is stepping down as manager of the Henderson North American fund and will be replaced by Robert Villiers, head of Hendersonsí US index fund team. Gifford will continue to work on the US desk.

 

Mark Pollard has been appointed managing director of European Equities at Putnam Investments and will be the first European equities manager to be based in London. He rejoins Putnam from Jura Capital, where he was one of the founding partners. In his new role he will be responsible for all European fundamental equity research and analysis. He is the first portfolio manager for European equities to be based in London rather than at Putnamís head office in Boston.

 

New Star is appointing former Estates & General managing director Roger Dossett to manage the property portfolio of its property unit trust. New Star expects Dossett to take over the running of the property portfolio from Capital & Counties later this year. At the same time New Star UK growth fund manager Stephen Whittaker will take over the management of the property unit trustís equity portfolio.

 

Gianluca Giardina has been hired as fund manager to Baring Asset Management's pan European small and mid cap team. Giardina joins from Fidelity Investments and will be responsible for analysing European, particularly German, stocks.

 

Morley has added two more members to its fixed income team. Stephen Lee joins as credit portfolio manager with Miles Tym, who will be responsible for the management of gilt funds.

 

Former Framlington manager David Mitchinson is replacing Mark Wood on the JPMorgan Fleming Japan fund. Mitcinson is moving to Japan in September and will formally take over the fund in October. Wood will manage institutional and other mandates, including the yen denominated JF Japan fund.

 

Morley has appointed Simon Clements as portfolio constructor in its global equities team. The newly created role is to ensure that the team, led by Michael Jennings, adheres to its benchmarks without changing style.

 

Morley has also added two managers to its UK equity team, Martin Cawthorne and Lloyd Whitworth. The core team helps to run Norwich Union's with profits and unit linked funds.

 

Bob Yerbury is to combine the roles of chief executive and chief investment officer at Invesco Perpetual while still retaining some fund management responsibilities. No word yet on replacements for those areas where he does relinquish fund management responsibility.

 

Manager of the Baillie Gifford Japan fund, Anja Balfour, is to replace David Mitchinson at Framlington following his move to JPMorgan Fleming Asset Management. It is understood that Hamish Dingwall will become lead manager on the Baillie Gifford fund, replacing Balfour when she leaves in September.

 

Former Close Investment manager Justin Jordan has rejoined the company. Jordan, who left Close in 2001 has since had spells as Old Mutual and Octopus Asset Management.

 

James Buckley has been appointed manager of the Premier European Growth fund, which is currently outsourced to BNP Paribas. Buckley will be employed directly by Premier and work put of the companies Guildford HQ. Prior to this Buckley was manager of the Solus European Growth fund, but left in December 200 when the fund was wound up.

 

JPMorgan Fleming have made in house appointments to replace Peter Harrison following his move to Deutsche Asset Management. The JPMorgan Fleming Overseas Investment Trust will be managed by Ed Walker. The JPMorgan Fleming Worldwide Income Investment Trust will be managed by Keith Swadey.

 

Merrill Lynch Investment Managers have has appointed Prudential fixed income director Andrew Belshaw as sterling bond manager and director on the MLIM sterling bond team.

 

July

James Foster, head of credit and manager of the Isis Strategic Bond and Extra Income funds at Isis is to take a 10 week sabbatical. While he is away the two funds will be run by Fatima Luis with Alex Ralph as deputy. Luis currently manages the Isis Maximum Income Bond fund as well as all the groups high yield portfolios.

 

Former Newton Oriental fund manager Ezra Sun is to join Veritas, the boutique group established in part by Newton founder Stewart Newton. Newton last week appointed Jason Pidcock to run its Far East ex Japan team and manage the Oriental fund and Mellon Asia Equity Portfolio. Pidcock joins from BP Investment Management.

 

It is now confirmed that Rodney Reid has left Quilter following Neptune's recent acquisition of the business. The UK Smaller Companies fund will be managed by Neptune's managing director and chief investment officer, Robin Geffen.

 

Former Phoenix VCT manager Justin Jordan has joined Close Investmentís Aim fund management team from Octopus Asset Management. Jordan previously worked at Close between 1998 and 2001 before leaving to run smaller companies money at Old Mutual and then Octopus.

 

The management of Peter Harrisonís two JPMorgan Fleming investment trusts has been filled by two in-house appointees following his move to Deutsche Asset Management. The JPMorgan Fleming Overseas Investment Trust is to be managed by Harrisonís former right hand man, Ed Walker, and the split-cap JPMorgan Fleming Worldwide Income Investment Trust has been handed to Keith Swadey, a strategy adviser for the trust over the past seven years.

 

Legal & General Japanese Trust manager Andrew Nagele is relinquishing his day to day duties on the fund in order to run a long/short Japan hedge fund. The number two manager Alan Booker is to assume control in addition to his duties as manager of the Far Eastern unit trust.

 

Invesco Perpetual fund manager Graham Kitchen is leaving the group at the end of the summer. Kitchen has handed over the management of the Income & Growth portfolio to deputy manager Andy Jones while his UK Equity portfolio has been passed to Martin Walker. Kitchen also managed the Key Trends fund, the future of which Invesco are now thought to be reviewing.

 

Roger Sadewsky, former vice president at JP Morgan Securities, has joined Standard Life Investments as investment director - fixed interest with effect from 02 August.

 

Peter Harrison has joined Deutsche Asset Management as its Europe and Asia Pacific chief investment officer. He joins from JP Morgan Fleming Asset Management and replaces Karl Sternberg who is leaving the group at the end of August.

 

Following the sale of the Quilter Global Growth and Global Income funds to Neptune Investment Management last month they will no longer be run by current manager Derek Larcombe. It is not clear at the moment who will run the funds, and there is also uncertainty about the future role of Rodney Reid, manager of the Quilter Smaller Companies and Private Growth Portfolio following their sale to Neptune.

 

The former Investec manager Paul Brain is to take over the management of the Newton European High Yield Bond fund with the current manager, Michael Micko, leaving the group. Brain will also be co-manager of the High Yield Bond fund alongside current manager Howard Cunningham.

 

Five of Investec's UK and global fund managers have left the group following a pay dispute. Those leaving include Jeremy Rigg, manager of the UK Blue Chip fund, Jeremy Mottram, manager of the Global Free Enterprise fund, UK Opportunities manager Michael Rimmer and analysts Chris Carter and Nigel Dutson.

 

Insight's US Select Opportunities fund has its third manager in as many months. Lead manager is now Louise Keeling following the departure of Scott Irving from the group. Keeling retains the management of the US Equity fund.

 

Kirsteen Morrison has left her position as manager of the Henderson Ethical and Henderson Global Care Growth & Income funds. The group is currently seeking a replacement manager.

 

It is reported that Kirsteen Morrison has left her position as manager of the Henderson Ethical fund at Henderson Global Investors. Henderson have not as yet commented but are understood to be looking for a replacement.

 

June

Anna Lees-Jones has taken over the management of the Investec Sterling Bond fund from current manager Michael Markham. Markham, now alternative manager on the portfolio, continues to run the Monthly High Income fund.

 

Former head of international equities at Gartmore, Richard Wilson, has taken up the newly created role of head of pan European equities at Foreign & Colonial.

 

Maria Polycarpou and Silvia Wendlinger have resigned as managers of the Baring Europe Select fund. It is believed that they are both set to join the London offices of a European Bancassurer in the near future. Barings head of European small and mid caps Susannah Lloyd has taken over as caretaker manager of the fund.

 

Margaret McLaren, investment director of European equities at Britannic Asset Management, is leaving the company as part of a restructuring process. Peter Reid, currently overall chief investment officer (CIO) will become CIO of UK equities. Andrea McNee will become CIO of international equities. Joe McKenna become CIO of global fixed interest and James Smith becomes CIO of specialist funds. All the CIO's will report directly to Gavin Stewart, the Britannic chief executive.

 

Morley Fund Management has announced a major overhaul of its UK retail business which sees its UK equities division split into a number of components and heralds the departure of a number of key staff. Current head of pan European equities Mike Bishop is leaving, along with head of research Sophie Blanpain and head of dealing Martin Ekers. The newly formed UK specialist unit will be headed by David Lis. Lloyd Whitworth joins Morley from JPMorgan Fleming where he was a UK and pan European fund manager.

 

Jimmy Burns, manager of the First State European Smaller companies fund, is to leave the group at the end of this month. Head of pan-European equities and current deputy manager John Ewatt will assume management of the First State portfolio.

 

Iain Scotland, the former head of smaller companies at Insight Investment, has joined Principal Investment Management as part of its managed funds team. Scotland will work alongside head of managed funds Charles Brand on constructing client portfolios and contributing to research.

 

Former M&G fund manager Sam Morse has returned to his previous employer Fidelity after seven years to take up the role of head of institutional UK investment. Manager of the Growth and Strategic Growth funds while at M&G, Morse left last September as a result of a strategic review by head of equity investment David Jane.

 

Standard Life Investments has added to its US equity team with the appointment of Jeffrey Morris as vice president, senior investment analyst, financials. Morris was previously a portfolio manager at Invesco Funds Group in Denver.

 

Federico Wynne leaves Goldman Sachs, where he was a pan European financial sector analyst, to join Morley Fund Management where he will work as an investment analyst covering the financial sector.

 

John Pullar-Strecker has reportedly left New Star Asset Management after a prolonged period of sick leave. Deputy chief investment officer Mark Beale has been appointed lead manager on the New Star Technology fund. Beale also runs New Star's North American and Global Equity funds. Stand in manager Neil Campling will continue to be involved in the running of the Technology fund with Hitesh Thakrar also joining the team from Morley next month.

 

Denis Wyles joins Britannic Asset Management as an investment manager on its UK team. He joins from Aegon where he was head of global cyclical research. Prior to this he was deputy head of UK equities at SWIP.

 

It is reported that New York based Credit Suisse Transatlantic fund manager Susan Everley is to step down by the end of the year. Her successor is Hugh Neuburger and Everley will remain with the group for the rest of the year to assist during the transition period.

 

May

MFS Investment Management has hired Chris Jennings from Morgan Stanley Investment Management as an equity research analyst. Jennings, who will initially cover the autos sector, will be based in London and joins eight analysts who manage the groupís team-based European equity products.

 

Standard Life Investments fund manager Amanda Forsyth will no longer run any money for the group. Instead, she will take on a communications role, helping the mutual establish reporting procedures with the City ahead of its proposed de-mutualisation. Forsyth gave up her UK Growth fund earlier this year and will pass over her management responsibilities for the groupís ethical funds on 31 May 2004. Lesley Duncan, investment director of UK equities at SLI, is taking over as manager of UK Ethical and the groupís two life and pension ethical funds.

 

Two managers have left Baring Asset Management following recent restructuring. Andrew Neville leaves management of the UK Smaller Companies Trust to join Allianz Dresdner and assist Trevor Green in the management of the UK Mid Cap fund. Findlay McLellan is made redundant as part of the restructure which sees the pan European mid cap team fall under the management of Susannah Lloyd, manager of the Baring Europe Trust. Baring UK Smaller Companies will be managed by Malcolm Herring until a new appointment is made.

 

Manish Kataria joins Canada Life to manage the Far East fund following the departure of Sally Macdonald to Morley Fund Management earlier in the year. Kataria joins from Merchant Securities where he was a global analyst.

 

Chris Burling is taking over management of the Gartmore's flagship Japanese fund following the departure of Nick Reid to Rab Capital. Burling will manage the Japan Growth fund and will also take over the Gartmore Sicav Japanese and Capital Strategy funds, which are based offshore.

 

Anna Lees Jones, former manager of the M&G Corporate Bond fund, has joined Investec in the role of senior sterling portfolio manager. Andrew Farrell, formerly head of UK fixed income at Invesco, has also joined in a similar role as Investec seeks to strengthen its fixed interest team.

 

Following the departure of Anne Marie Main, Matt Harris has been promoted to the head of the Japanese equity desk at Scottish Widows Investment Partnership. Harris has been with SWIP since 2002.

 

David Lynch joins Investec as a UK equities analyst alongside Alastair Mundy and team on the Cautious Managed and Managed Distribution funds. Additionally he will support the team running the UK Value fund and Temple Bar investment trust. Lynch joins from Douglas Deakin Young.

 

JP Morgan Fleming is replacing Garrett Fish as lead manager of the JPMF US fund. Fish will be replaced by Silvio Tarca, joint manager of the Luxembourg domiciled JPMF US Dynamic fund. Fish will remain with the company.

 

Errol Francis, a former Barings fund manager, has taken over the Credit Suisse UK Growth and Income fund.

 

Old Mutual Asset Management fund manager David Ross is reportedly leaving the group. Ross, who is lead manager on the European, UK and North American equity portfolios will leave within the next six months along with a further 3 members of his team.

 

Standard Life UK Equity Growth manager Amanda Forsyth has relinquished management of the fund in order to focus on the group's ethical portfolios. She is replaced by Karen Robertson who currently manages the UK Equity High Income fund.

 

Japan fund manager David Mitchinson is to leave Framlington to join JP Morgan Fleming. He will manage the fund until the end of July, with Framlington saying it will find a suitable replacement by then. His number two, Jonathan Asante, will continue alongside Mitchinson during his notice period. Mitchinson is to join JPMF and will be based in Tokyo though he will not be running a fund available in the UK, taking control instead of the Hong Kong-domiciled Jardine Fleming Japan fund which is available to Asian investors.

 

A former Invesco manager is joining Morley. Robin West joins to manage the Norwich UK Smaller Companies fund.

 

Newton Oriental fund manager Ezra Sun is leaving the company to join a smaller boutique company. The fund will be overseen by Jeff Munroe until Sun leaves during which period Newton will be looking for a replacement.

 

David Lynch has joined Investec as a UK equities analyst. He will be working alongside Alastair Mundy and his team on the Cautious Managed and the Managed Distribution funds.

 

Standard Life Investments (SLI) has appointed Aaron Pong as an investment director focusing on China. Based in Hong Kong, Pong will report to Elizabeth Soon, who is in charge of investment for the Asia Pacific region. Prior to joining SLI, Pong worked at the Royal Bank of Canada Investment Management (Asia), where he was senior portfolio manager responsible for management of non-Japan Asia regional portfolios.

 

April

Hitesh Thakrar has joined New Star as a technology analyst from Morley Asset Management. He joins New Star during the summer, with his appointment being made due to the indefinite break being taken by John Pullar-Strecker because of illness.

 

Edoardo Mercadante, current manager of the MLIIF European Opportunities fund and head of the European specialist equity team is leaving after some 11 years with the group. He is replaced by Carl Lee, previously manager of the MLIIF Global Opportunities fund.

 

Insight has made three appointments to its property team. Algy Kent has joined the group as an assistant fund manager on the industrial team, Robert OíHara as a senior director running four client portfolios and Ailish Christian as as associate director within the retail team.

 

Gordon MacKay has joined Britannic Asset Management as part of the Far East team. He will report to Andrea McNee and previously worked as a US equity manager at Abbey National Asset Management.

 

Geoff Patton is leaving Abbey National Asset Management to join Henderson Global Investors. Patton, head of North American equities at Abbey since 1992 joins Henderson in August, where he will work with Stuart Gorman and other members of the technology team. Patton also managed the Abbey National Technology Unit Trust and the Scottish Mutual International Technology fund.

 

Merrill Lynch has dispensed with its US investment team less than one year after it was relocated from the UK to new offices in the US. The five man team was headed by Richard Boon who managed the Merrill Lynch American fund. While Merrill Lynch is looking at the possibility of relocating the analysts to another part of its operation, CIO Bob Doll has taken over the management of the fund with immediate effect along with two offshore accounts previously managed by Boon. Boon has been replaced by Kurt Schansinger on a number of institutional mandates.

 

Neil Pegrum is leaving Insight Investments just over a year after he joined, departing to Cazenove which is relaunching its UK focus fund for him to run. Pegrum arrived at Insight from M&G in January last year, taking control of its UK dynamic and UK discretionary funds. He will be replaced with immediate effect by Andy Cawker, his deputy fund manager on both funds, who will run them as an interim measure until a permanent replacement is found.

 

Alan Stokes, head of multi manager, and Simon Brooks, senior fund manager, have both left Solus following its decision to move the management of its funds of funds (Fofs) business to its Manchester office. The group claimed the move is part of a general strategy to move the management of the three Fofs Ė MultiManager Balanced, Growth and International closer to its investment policy committee, which is based in Manchester. Head of the investment policy committee Kevin Doran will take over the running of the portfolios.

 

Invesco Perpetualís Latin American portfolio has been taken over by Dean Newman following the departure of David Manuel to run his own hedge fund. Manuelís responsibilities within the global emerging markets team have passed to Kathryn Langridge.

 

Tom Joy has been named as the chief investment officer of multi manager firm RMB International. Joy has been with RMB International since 2003 when he joined as head of portfolio research. Prior to that he was head of investment for Schroder's multi manager product. Current RMB CIO James Stuart-Smith becomes head of strategic development.

 

The New Star Technology fund is currently being run by Neil Campling, rather than by the named manager John Pullar-Strecker who has been on sick leave for several months. There is no certainty about when Pullar-Strecker will return to work though New Star have confirmed that he is still employed by the company.

 

March

Clive Beagles is to head up JO Hambro Capital Managementís first onshore fund offering, an income portfolio to be launched in October. Beagles is to join the boutique in the autumn, following six monthsí gardening leave from Newton, unless a shorter period can be negotiated between the two groups. With immediate effect, Tineke Frikkee, the alternate manager of Newton Higher Income, has taken over the Higher Income fund and Simon Nichols has stepped into the role of alternate manager. Frikkee has been part of the income team at Newton since 1998 and manages the offshore equivalent fund, Mellon Global Funds UK Equity portfolio.

 

Co-manager of the Lazard UK Alpha fund, Simon Roberts, has left the group to join hedge fund boutique Bluecrest Capital. Roberts had run the fund with Tony Willis since launch in November 1999, having joined the group in the previous April. Before, he held positions at both Fidelity and Schroders. Willis will take the helm as lead manager and will continue to be supported by Gabrielle Boyle, along with new recruit Alan Custis, who joined from JP Morgan earlier this month.

 

Old Mutual Asset Managers has hired Theresa Egan from Newton as part of its expansion of its fixed income team. Egan previously ran Newtonís High Yield Bond fund, and will not immediately be given a portfolio to manage at Old Mutual but the firm said it is looking to launch additional fixed interest funds later this year which will utilise her skills. Replacing her on Newton High Yield is Michael Micko and Howard Cunningham.

 

Chris Baggini is to take over the management of the Gartmore American Focus fund from head of US equities at the group, Simon Melluish. Baggini also manages the Gartmore US Growth Leaders fund which has a similar mandate to American Focus and is offered to the North American market.

 

Allison Larkin is stepping down as manager of the Schroder Medical Discovery fund to be replaced by John Bowler who joined from AXA last year. Handover of the fund takes place on 31 March and Larkin will continue her role as an analyst for US healthcare.

 

More from Schroder, with Adam Cordery being confirmed as manager of the Corporate Bond and Monthly High Income funds. Cordery was formerly at Invesco.

 

Michael Willis has joined Isis Asset Management as director, small-cap funds. Based in the groupís Edinburgh office, he will be assisting Stephen Grant, director of small-cap institutional funds, on the Ivory & Sime UK Smaller Companies investment trust. Prior to joining Isis he was at Bell Lawrie White in Glasgow.

 

Axa Investment Management have recruited two new managers to their fixed income team. Gareth Isaac and Jamie Grant join from Newton Investment Management and the Commonwealth Bank of Australia respectively. Both will report to the UK head of fixed income Denis Gould.

 

Grant Cowley assumes management of the Schroders North American fund from next month.

 

Zanny Perring leaves Threadneedle at the end of the month after more than seven years on their US desk. Control of the American Growth fund will pass to Andrew Holliman, with management of the American Smaller Companies fund passing to Robert Graham Brown. Brown will also assume Perring's role as assistant manager on the American Select Growth fund.

 

Craig Grippe joins Canada Life as a replacement for Michael Gifford on their High Income and Income funds. Rippe joins Canada Life from Govett. Gifford left to join ISIS at the start of the year.

 

Gil Knight will be lead manager on two of the funds run by Gartmoreís revamped US desk. Knight retains control of the Gartmore Govett US Opportunities fund, which will drop the Govett name on 28 May, and take over the American Smaller Companies fund . Former manager Nick Ford will work alongside Knight in the groupís Philadelphia offices. Gartmore American Opportunities will be rebadged US Growth and repositioned as a core large-cap portfolio. The fund will continue to be run by Simon Melluish, but he will be joined by co-manager Bill Miller from parent group Nationwide. Melluish is relinquishing control of the £2m American Focus fund to Chris Baggini.

 

Steven Maxwell has joined the European equities team at Scottish Widows Investment Partnership. Formerly of Standard Life Investments, he will be responsible for the European financials sector and will report to head of European equities Nigel Bolton.

 

Management of the SG Asset Management American Growth fund is being transferred to their Los Angeles based sister company TCW. Current fund manager, Alan Torry, remains at SG and remains management of the institutional SG US Equity fund.

 

February

Baring Asset Management have hired Vincent Lee as senior investment manager in their Asia team. Lee leaves a similar position at Friends Ivory & Sime Asia. Lee will report to head of Asian equities Khiem Do and will concentrate on Korean stocks.

 

Canada Life American fund manager Alan Richenberg is leaving the company at the end of February. It is not thought that he will be replaced, with Canada Life currently undergoing a strategic review.

 

Upkar Kambo has joined Morley Fund Management as a fixed income quantitative analyst. He joins from UBS Global Asset Management and will report to head of fixed income, Ceris Williams.

 

Tom Caddick has joined Isis as a fund of funds analyst. He was previously an investment manager at Nevile Merriam Investment Management. At Isis he will assist Richard Philbin in the management of the group's multi manager portfolios.

 

Skandia Investment Management's chief investment officer Clive Hale has resigned. His replacement will be Alan Durrant, the former investment director at Hargreaves Lansdown.

 

Bevis Coma, a member of the UK specialist team managing the offshore version of the company's UK Dynamic fund, has left Merrill Lynch Investment Management.

 

Donald Farquaharson is to take over the management of the Schroder Japan Growth Investment Trust following the earlier announcement of current manager Dennis Clough's leave of absence.

 

Jeremy Hall has joined SVM Asset Management as a pan-European analyst. Hall was previously investment manager of European equities at Abbey National Asset Managers.

 

Robert James has joined Insight Investments from Baring Asset Management. James was director of UK & Eurpean equities at Baring's and joins Insight's research team as an equity analyst.

 

Fiona Dickinson has joined Standard Life Investments as an investment director on the fixed interest desk. She will be responsible for researching and extending coverage of the companyís structured debt investments. Previously, she was a finance rating associate at Standard & Poorís.

 

Richard Baldwin has joined Gartmore as a senior research analyst on the fixed income team, and joins from the Royal Bank of Canada.

 

Former head of UK equities at Clerical Medical and Insight, Simon Shaw, has joined investment boutique Epic to run its UK Equity and specialist Insurance & General funds.

 

Andrew Koch is to join Henderson Global Investors to run the groupís European fund. Koch will replace Ben Elwes, who left Hendersons last week, as manager of the European portfolio. Koch is to join Hendersons on 19 April. He was previously at HSBC Asset Management, where he was a senior fund manager on the European team.

 

Russell Oxley has been appointed as an investment manager on Britannic Asset Management's fixed interest team, and lead manager of their gilts portfolio. Oxley joins from Swiss Re where he was a fixed income fund manager.

 

Former Legg Mason UK Emerging Growth fund manager John Johnston has left the group.

 

Management of the Close Finsbury Japanese Equity fund will be taken over by Michael Lindsell following the termination of the group's contract with former manage Scott McGlashan.

 

Schroder Tokyo fund manager Dennis Clough will not return to manage the fund when he returns from a planned sabbatical in 2006. Clough is due to take a leave of absence from Schroder's in May, but the fund will be handed over to Andrew Rose a month earlier in April, with Schroder's confirming that the appointment will be permanent.

 

January

Sean Taylor joins GAM as investment director from SG Asset Management where he was head of global equity and head of the emerging markets desk.

 

Former Aisa Pacific manager at Canada Life, Sally Macdonald, is set to join Morley Fund Management in March. She will manage Asian Pacific equities for Aviva funds, the group's Sicav, as well as the Asian Pacific element of its balanced funds. She will report to Niaoo Paul, head of emerging markets equities.

 

Number two manager on the Artemis European Growth fund, Peter Saacke, has assumed the management of the group's Global Growth fund. The fund had been managed since launch in 1990 under contract by Edward Niehoff in ABN Amro's Amsterdam office.

 

Managers of the Investec European fund, BlackRock, have hired Ian John from Talorcan to strengthen its European equity team, headed by fund manager Albert Morillo. John will be responsible for a variety of sectors in the team including banks, leisure, media and retailing.

 

Head of European equities at Schroders, Mark Pignatelli, is leaving the group by mutual consent. Pignatelli will leave when his contract runs out in April. His responsibilities will be assumed at that time by the groupís head of global equities Ken Lambden.

 

Beatrice Rodriguez is a further addition to the Fidelity fixed interest desk. Previously with Deutsche Bank, Rodriguez will work on Fidelity's money market and short dated bond range.

 

It is reported that Japan fund manager Scott McGlashan is leaving boutique investment group Jade Absolute in order to join JO Hambro Capital Management. McGlashan also manages the Close Finsbury Japanese Equity portfolio, and prior to establishing Jade Absolute in 2000 was a manager with Perpetual.

 

Gartmore has added a further three staff to its US Equity team. Gary Haubold, Bill Gerlach and Chuck Purcell join as senior portfolio managers and new funds will be launched for them to manage. The three will focus on small and mid caps, reporting to chief investment officer of equities Young Chin. Until recently Haubold managed an equity hedge fund at Edge Capital Management, while Gerlach and Purcell join from MAS, which was recently acquired by Morgan Stanley.

 

Joe Andrews has joined Fidelity as an analyst on the groups fixed income team. Andrews was previously with Bank of America.

 

Former Invesco Perpetual European Growth fund manager Alister Hibbert has left the group. Hibbert took over the fund from Rory Powe in December 2001 and was subsequently replaced on the portfolio by former Aberdeen manager Stephanie Gerrard in August 2003. Subsequently Hibbert ran the offshore Invesco GT Pan-European and GT Continental European funds, along with various institutional mandates. John Surplice is to take on GT Pan European while Dominic Wallington will assume responsibility for GT Continental European and the institutional portfolios.

 

Framlington is thinking ahead to the retirement of Antony Milford by appointing two co-managers on his onshore portfolios. Although Milford has no immediate retirement plans, Deane Donnigan becomes co-manager of the Health fund and Gareth Powell becomes co-manager of the Biotech fund. Casper Rock becomes co-manager of the offshore Luxembourg Health fund.

 

Isis Asset Management has strengthened its credit analysis team with the appointment of Holly Barton. Barton, who was previously with Barings, will take the lead on retailers and food manufacturers.

 

F&C Management have appointed Kevin Matthews as head of high yield bond. Mathews joins from Gulf International Bank where he was head of high yield.

 

Old Mutual Asset Management has appointed Terry Ewing and Ann Hall to co-manage an equity long/short hedge fund the group plans to launch later this year. Ewing was previously manager of the Britannic American Growth fund, Hall was responsible for the Henderson American Smaller Companies portfolio.

 

Mark Burgess is to join Insight Investment as head of equities in March this year. He will join from American Express Asset Management where he was chief investment officer.

 

One of the longest serving retail fund managers is relinquishing the management of his fund. William Claxton-Smith is passing control of Insight Investment's Equity High Income fund to deputy manager Tim Rees. Rees is also the manager of the Monthly Income fund.

 

It is reported that Anthony Bolton will stay with Fidelity past 2005 and continue to run the Special Situations fund. This is in contrast to the statement made by Bolton two years ago, where he indicated that 2004 would be his final year.

 

David Currie, former head of US equities at Edinburgh Fund Managers, has joined ISIS Asset Management as head of the North American desk. He takes over from Andrew Hudson and will assume control of the ISIS North America fund. Hudson is thought to be leaving ISIS.

 

Phillip Dicken joins Threadneedle Investments as an analyst on its European smaller companies team. Dicken was previously with Active Value Advisors where he worked as a European analyst.

 

Adrian Bignell has joined Invesco Perpetual to manage the European Smaller Companies fund. The previous manger, Tamsin Faiers left the group at the end of last year and worked with Bignall prior to leaving in order to ensure a smooth handover. Bignell also assumes control of the Invesco GT Continental European Enterprise and Invesco GT Pan European Enterprise funds. Bignell was previously vice head of the European equities team at Cazenove Group.

 

Britannic's corporate bond fund manager, David Roberts, is reported to be joining Aegon Asset Management some time after March 2004 as head of retail fixed income. He will also be the lead manager on the Aegon Extra Income fund and replaces Steve Snowden who left in December 2003 to join Old Mutual as replacement for Richard Woolnough who joined M&G.