UK/US - Deutsche Asset Management has appointed Bill Barron as global head of research.
Most recently Barron was deputy chief investment officer and head of emerging markets at Invesco Asset Management.
Based in London he will now be responsible for DeAM’s global sector team heads. Barron reports to both Karl Sternberg, chief investment officer Europe and Asia and to Leo Grohowski, chief investment officer Americas.
In addition, Stephen Barrow will now head the global equities portfolio selection team where he will be responsible for the cross-regional bottom-up global equity portfolios.
The portfolio selection team will include Charles Martyn-Hemphill, Matthias Knerr and Greg Adams. Knerr remains responsible for the capital goods global sector team, and Adams will remain a key member of the US core portfolio selection team.
In the Americas, Joseph DeSantis will head US equity.
Theresa Gusman will head equity research in the US, reporting directly to DeSantis and Barron. She will also remain head of the materials global sector team.
Diane Seymour-Williams has been appointed product head for global equities.
The Pensions and Lifetime Savings Association (PLSA) has announced it will shrink its board by more than one-third as part of a governance overhaul to make it "agile and more appropriate".
Smaller FTSE 350 defined benefit (DB) schemes were nearly 15 percentage points less well-funded than larger schemes in 2017, according to a Goldman Sachs Asset Management (GSAM) analysis.
The advent of collective pension systems could help the UK avoid demographic challenges which will make it "impossible" for society to help savers in retirement, experts say.