UK - Clerical Medical Investment Management (CMIM), a unit of HBOS's fund management business, has appointed Keith Lovett as chief operating officer.
Lovett joins CIO Michael Deakin and managing director Gary Mairs to complete the firm’s senior line-up. He reports to chief executive Douglas Ferrans and is responsible for supporting the business, including finance, investment administration, performance analysis and IT.
HBOS’s Asset Management business was created at the end of last year by combining Clerical Medical Investment Management, Halifax Investment Management and the investment unit of Equitable Life. The operation manages £62bn, of which £8bn is institutional business.
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