UK - Credit Suisse has announced that Russell Chambers will join the company in June in the newly created London-based post of chief executive officer.

UK - The London Pension Fund Authority (LPFA) has appointed Vanessa James as its new investment director, with effect from 19 March.

COURTIERS Investment Ser-vices has launched three new funds to help small schemes make use of derivatives.

STATE Street has hired Michael Walsh to head its UK, Middle East and African investment servicing business.

US - The California Public Employees' Retirement System (CalPERS) has made the first $100m investment from its Manager Development Program II (MDP II).

TRUSTEES could inadvertently lose a degree of their protected status as investors when new European regulations come into force in November, lawyers warn.

RETIREMENT planning starts earlier in the UK than in any other country, a new report claims.

GLOBAL - Morgan Stanley Investment Management (MSIM) has appointed James Dilworth business head for Europe, Middle East and Africa (EMEA).

THE INSTITUTE of Actuaries has expelled former Equitable Life chief executive Roy Ranson following a disciplinary proceeding.

UK EMPLOYEES over-claim on their expenses by more than £1bn a year, a new study shows. But three-quarters of workers use their own money to cover work-related expenses.