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
A buyout tool which provides schemes with up-to-date pricing and comparisons between insurers has been launched by JLT Employee Benefits.
The DB white paper sets out plans to review the funding regime, with 'prudent' and 'appropriate' possibly redefined. But James Phillips asks if this could this signal a return to an MFR-like approach?
The trustees of GKN's pension schemes have agreed a package of mitigation measures that would improve funding to a "more prudent level" if Melrose's offer is accepted by shareholders next week.
While the new powers are welcome, most respondents doubt it will make a difference to the outcomes for members, Pensions Buzz respondents say.