UK - Investment house Pictet Asset Management has poached Friends Ivory & Sime's (FIS) UK small-caps manager Justin Hill.
In his new role, Hill serves as senior investment manager for Pictet’s UK small caps team, bringing the total number of members to five.
He spent the last two years with FIS’s small caps team, reporting to director of mid- to small-caps, Nicholas Malins-Smith.
FIS’s Chris St John will be overseeing Hill’s duties at the firm before a permanent replacement is found.
By Janet Du Chenne
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.
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