UK - Scottish Widows Investment Partnership has appointed Tim Scholefield head of international research and global sectors.
Scholefield joins at the end of the month, taking over from Graham Wood who has been appointed chief investment officer, equities and retail.
Scholefield, who is joining from Royal & SunAlliance Investments where he was director, worldwide equities, will be responsible for global sector research.
He will also run global mandates with the global strategy desk and report to Wood.
PwC, KPMG, EY and Deloitte must break up their consultancy and audit businesses into distinct firms to provide greater focus on the "most challenging and objective audits", the competition watchdog has said.
The Department for Work and Pensions (DWP) has released its first batch of guidance setting out how the guaranteed minimum pension (GMP) conversion legislation may be used to resolve unequal payments.
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