UK - Friends Ivory & Sime (FIS) has strengthened its fund of funds and global portfolio construction teams with three new appointments.
Robert Pemberton, a former international fund manager with the London & Manchester Group, joins the firm as head of global portfolio construction. Pemberton's is a newly created role at FIS and his responsibilities will include developing the firm's global funds capabilities and the management of £500m held in the Friends Provident International Growth unit trust.
Additionally, Pemberton will head up the fund of funds team.
The other two hires are Richard Philbin and Patrick Blessing, who both join the firm's fund of funds team.
Philbin joins FIS as a fund manager, replacing Bambos Hambi, whilst Blessing has been appointed as an analyst. Prior to his arrival at the firm, Philbin was a fund manager at Towry Law Investment Management. Blessing joins the fund of funds team from FIS' investment writing division.
By Geoffrey Ho
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.
Some 56% of defined contribution (DC) asset managers do not believe they will have transaction cost information in time for pension funds' March year-end statements, according to Lane Clark & Peacock (LCP) research.
NEST has appointed Clive Elphick, Martin Turner, Mutaz Qubbaj and Chris Hitchen as trustee members of its reshaped board.
Most people want to avoid investing in projects that contribute to climate change, and would consider moving to another less-exposed provider, according to a survey commissioned by ClientEarth.