Regions

Global consultants Watson Wyatt has appointed Huw Williams as senior consultants in its human capital group.

Aberdeen Asset Management has acquired Ivory & Sime Asset Management (ISAM) from Friends Ivory & Sime, in a deal worth £8.6m, subject to regulatory approval.

Fund managers located worldwide find US equity earnings to be the best quality earnings and plan to become more weighted in this asset class, according to a monthly Merrill Lynch survey released today.

Alternative investments and hedge fund specialists Key Asset Management (UK) (KAM UK) has launched the Key Recovery fund - a distressed debt multi-manager fund.

Merrill Lynch has appointed Flavio Valeri as managing director of the firm's European equity capital markets division, where he will have pan-European sector responsibilities.

Head of Winterthur Life UK John Finan is to quit the firm as chief executive officer, stepping down on August 21.

Asset manager Chicago Trust has selected mPower to provide online investment advice for the firm's defined contribution (DC) pension fund clients.

Schroder Salomon Smith Barney's (SSSB) Elliot Hornblass has quit the firm to join US asset manager, the Swarthmore Group.

Equitable Life will reduce final bonuses on with-profits from pension policies as part of an exercise to put the company on a more stable footing.

State Street Global Advisors (SSgA) has agreed to acquire the passive equity business of Gartmore Investment Management, a subsidiary of Nationwide Mutual Insurance Company.