Peter Carman, co-chairman and global chief investment officer at Citigroup Asset Management in the US is set to retire at the end of this year after a four year stint with the company.
Carman joined Citigroup from Putnam Investment Management where he was chief of equity investments. Prior to this he was chief investment officer at Sanford C. Bernstein.
Carman will be replaced by a management team consisting of Citigroup’s Virgil Cumming, chief operating officer - affiliates for Citigroup Asset Management, Michael Evan, global head of quantitative analysis, Rama Krishna, head of global fundamental research and Peter Wilby, head of high yield and emerging market debt portfolios. The four men will report to co-chairman and CEO of Citigroup Asset Management, Thomas Jones.
By Janet Du Chenne
The Next Generation Pensions Committee is on a mission to promote and encourage younger voices in the industry. Kim Kaveh looks at its key objectives
This week's top stories included an analysis finding the cost of equalising guaranteed minimum pensions in schemes could hit FTSE 100 profits by up to £15bn.
Employers whose dividend to deficit recovery contribution (DRCs) ratios fall outside the "normal range" should expect to see higher regulatory scrutiny, although no fixed ratio will be set.
Investment consultants and fiduciary managers should expect a final decision on the investigation into the market to be published by the end of the year, the competition watchdog says.