Dan Ison, a Baring Asset Management (BAM) European equities manager, has left the firm to join Beaumont Capital.
Ison will not be directly replaced, according to BAM. Instead, his responsibilities have been split up and redistributed internally. Sylvia Solomon will resume active management responsibility of the German Growth fund. She will co-manage the fund with Tracy Collins.
Solomon was previously manager of the German Growth fund, a position she held from 1999 to early 2000. During the past year, she acted as back-up to Ison.
Responsibility of the Europe Select fund has also been given to Solomon. Solomon will co-manage the fund with Maria Polycarpou, manager of BAM's French Growth fund.
By Geoffrey Ho
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.