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
The Competition and Markets Authority (CMA) has published three working papers as part of its investigation into the investment consultancy and fiduciary management markets.
In this week's Pensions Buzz, we wanted to know whether contract-based, trust-based or a master trust arrangement would be best for a new defined contribution (DC) scheme.
This week's edition of Professional Pensions is out now
MPs failed to place legislation into the Financial Guidance and Claims bill that would have made pension guidance default, which Just Group director Stephen Lowe said left a "bitter taste".