UK - Deutsche Asset Management (DeAM) has appointed Steven Laughton as global equity portfolio manager in a move to further strengthen its global equity capabilities.
The appointment marks the second external hiring DeAM has made this year in its newly created global equity team. Julian Pick joined the team at its inception in March 2001, which also comprises six specialist stock-pickers. Both he and Laughton report to Charles Martyn-Hemphill, who heads the global equity team.
Laughton joins the firm from Dresdner RCM Global Investors in San Francisco, where he was director and senior portfolio manager for global equity. Before that he was based in Singapore as head of equity research for Koneman Capital Management, later acquired by DBS Bank.
By Madhu Kalia
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