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
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.