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.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.
Some 56% of defined contribution (DC) asset managers do not believe they will have transaction cost information in time for pension funds' March year-end statements, according to Lane Clark & Peacock (LCP) research.
NEST has appointed Clive Elphick, Martin Turner, Mutaz Qubbaj and Chris Hitchen as trustee members of its reshaped board.
Most people want to avoid investing in projects that contribute to climate change, and would consider moving to another less-exposed provider, according to a survey commissioned by ClientEarth.