United Kingdom

UK - AXA Investment Managers (AXA IM) has enhanced its UK fixed-income team with the appointment of Neil Sutherland as a fund manager.

UK - Watson Wyatt Partners has appointed Monica Fisher as the first external member of its board.

UK - London-based Trafalgar Capital Management has received IMRO authorisation and launched its first global hedge fund, called the Trafalgar Fund.

UK - Measures announced this week to introduce pension credits and increase the basic state pension could find some pensioners worse off, according to consultants William M Mercer.

UK - Hermes Pensions Management is left reviewing its options following the rejection of an undisclosed bid for the troubled Edinburgh Fund Managers.

UK - Henderson Global Investors (HGI) has hired George Latham as senior fund manager for its socially responsible investment portfolio (SRI), starting December 10.

UK - Jupiter Asset Management has strengthened its environmental research unit with the appointment of Simon Abrams as senior researcher.

UK - State Street Global Advisors (SSgA) - the investment management arm of State Street Corporation - has hired two new senior consultant relationship managers covering the UK and Europe.

UK - London-based Morley Fund Management has hired Nick Alford as the firm's new European chief operating officer as part of the firm's restructuring plans.

UK/GERMANY - Deutsche Asset Management (DeAM) has appointed Andreas Varnavides as head of European institutional sales, based in London and Frankfurt.