UK - Friends Ivory & Sime has named Robert Matthews - ex-RSA Investments managing director of institutional funds - as its head of institutional business.
Matthews will replace Paul Richards, who is leaving FIS to join Goldman Sachs Asset Management as executive director UK institutional business. Richards will take up this role at the beginning of July.
The change of roles follows on from last month’s acquisition of RSA Investments by FIS.
The combined operation of both firms is now undergoing rationalisation.
Matthews confirmed that the restructuring would be complete by August, when any resulting job losses would be confirmed.
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