Merrill Lynch Investment Managers (MLIM) has recruited Tomas Bristedt to its retail wholesale Nordic team, with responsibility for the Nordic region.
Based in Stockholm, Bristedt will report to Peter Leane, head of MLIM for the Nordic region.
His new role will see him marketing MLIM's mutual fund range across the region, with particular focus on Sweden.
Bristedt joined from ABN AMRO Asset Management, where he was head of third party sales for Sweden and Finland.
PTL has appointed Karein Davie as a client director in its Birmingham office.
The level of interest rate hedging increased to £29.5bn of liabilities in the second quarter as pension funds continued to de-risk, according to BMO Global Asset Management's research.
UK inflation has risen for the first time since November to 2.5% in July, up from 2.4% in June, thanks to rising fuel costs and the price of computer games.
The number of DB pension scheme trustees targeting a buyout with an insurer has increased significantly in the past five years, latest research from Willis Towers Watson shows.