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
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers