EUROPE - Matthew Annable, chief investment officer Europe, active equities, is to leave Barclays Global Investors (BGI) next year in pursuit of a "lifestyle change", the firm has announced.
A replacement for Annable has not yet been found, however the firm said it had begun the search for a successor.
Annable, who is responsible for BGI’s active equity strategies for clients in the UK and continental Europe, joined the firm in 1987.
His remit includes equity portfolio management and the development of stock selection and asset allocation processes.
Minder Cheng, global CIO, active equities and global head of equity and currency trading commented: Matthew has been at BGI for many years and has made some significant contributions to the business, most notably in the development of stock selection and asset allocation processes. We respect his decision and we are particularly pleased that he has agreed to be available to BGI throughout 2006 in a capacity which will enable him to share his expertise and contribute to the success of the business.
Cheng added: Matthew's departure is taking place in a very structured way and I am leading the search to find his replacement. There will be a transition period during which a smooth handover will take place. We have already initiated the search process and have begun conversations with some very strong candidates.
Separately, BGI announced a raft of new senior positions and management changes, including the appointment of Malcolm Leigh from Tactical Global Management as managing director of Global Market Strategies Group in London; and Mike Walsh, who joins from Deutsche Asset Management as Europe CIO with responsibility for finance and corporate services.
In addition, Nico Marais has relocated from San Francisco to London to take up the role of head of investment strategy for the UK and European active equity group. He was previously a US active equity investment strategist for BGI.
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