UK - Investec Asset Management has further strengthened its UK fixed income team with the appointments of Daniel McMillan as a credit quantitative analyst and Michail Diamantopoulos as a fixed income risk and performance analyst.
Diamantopoulos joins Investec from BARRA International where he was a sales and support consultant for BARRA’s enterprise risk management system.
McMillan was previously a performance and risk analyst with Investec focusing on fixed income.
Commenting on the appointments, Paul Griffiths, head of fixed income at Investec, said: “In the current economic climate, skillful active management of credit is crucial in adding value for institutional investors and our decision to expand the UK fixed income team is a clear indication of our commitment to the fixed income market.”
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.