Global Asset Management (GAM) has appointed Clare Dobie, formerly of Barclays Global Investors (BGI), as its new managing director, responsible for marketing.
Dobie, formerly BGI's head of risk, will report directly to Burkard Poschadel, GAM's chief executive. A source at GAM said that Dobie started work at her new employers earlier this week, and that hers is a newly created position.
In the interim, BGI has named Hillary Smith as its acting head of risk. A spokesman for BGI said that Smith will report directly to Lindsay Tomlinson, BGI's chief executive.
By Geoffrey Ho
Industry Voice: Sponsored by Eaton Vance
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.