Global

MFS Investment Management has appointed Richard Banks as assistant vice president, institutional sales and consultant relations, for its UK-based operations.

Chief executive officer and head of the institutional division at Fortis Investment Management (FIM) in Paris, Xavier Lepine, has quit.

Lynne Wood has joined global fund manager Scottish Widows Investment Partnership (SWIP) as head of human resources.

The eastern European equity team at Swiss investment house Vontobel Asset Management has quit.

Global actuaries Buck Consultants has promoted John Walbaum to senior investment consultant within its investment consultancy practice.

Morgan Stanley Investment Management (MSIM) has appointed Emilio Alvarez as a global equity analyst.

Morley Pooled Pensions in the UK has launched a new range of socially responsible investment (SRI) pooled pension funds.

Citigroup Asset Management has announced that Rudolph Leuthold has joined its European equity team as a senior European portfolio manager.

The $6.2bn Louisiana State Employees Retirement System (LASERS) has removed a $600m US tactical asset allocation (TAA) mandate from Invesco and plans to make substantial changes to its asset allocation.

The City of Flint Employee Retirement System has appointed ICMA Retirement Corporation to manage $500m in assets, as it converts from defined benefit (DB) to defined contribution (DC).