UK - Aberdeen Asset Management has appointed Colm McDonagh as head of its global emerging market debt team.
It is also transferring Macelo Saez for the emerging market debt team from its Sydney office.
McDonagh has specialised in emerging market debt since 1996 and joined Aberdeen as a senior bond fund manager, dedicated to that asset class, in 2000.
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
This week's top stories include the government spending £800,000 on a Gogglebox advert and MPs writing to The Pensions Regulator about its engagement with the Railways Pension Scheme.