UK - Baring Asset Management has appointed Paul Grice as director of UK institutional business to specialise in fixed-income.
Grice, a chartered financial analyst, joins from Lombard Odier International Portfolio Management where he was head of portfolio management with responsibilities for its fixed-income clients.
BAM’s head of UK institutional business Jenny Segal said: “Increasing numbers of trustees and pension consultants are asking us about fixed-income portfolios.
“Paul’s experience will help service this demand and will also enhance our reputation as one of London’s leading fixed-income houses.”
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.