Robin Hindle Fisher, chief executive officer at UK fund manager Phillips & Drew, is taking a year's leave to study for a masters degree at the London Business School.
Paul Yates, global head of strategic planning and communication at P&D, succeeds Hindle Fisher and will become chief executive from September 1.
Yates has been with the firm since 1985 and has held a number of senior positions including head of UK equities and head of client and business development. He spent nine years as a member of the management team at P&D before moving on to a global role.
Hindle Fisher - who has been with P&D since 1992 and CEO since March 2000 - will return to the firm by September 2002.
Commenting on his move, he said: This is something that I have been wanting to do for some time.”
By Madhu Kalia
Mark Evans has been appointed as a director at Independent Trustee Services (ITS) to lead trustee appointments in London.
The Pension Protection Fund (PPF) is consulting on changes to the actuarial assumptions it uses in valuations in a bid to better reflect the bulk annuity market, with schemes set to move into surplus on aggregate.
Private sector defined benefit (DB) schemes were 96.3% funded on a Pension Protection Fund (PPF) compensation basis at the end of July, according to the lifeboat fund's monthly index.
Conduent has completed the sale of its actuarial and human resource consulting business to private equity investor, H.I.G. Capital.