Global banking shares drove markets higher today following the outcome of the Basel III Committee meeting to reform the banking sector.

Schroders' head of global fixed income Nick Gartside is joining J.P. Morgan as the head of fixed income after an eight-year tenure, Investment Week understands.

Tom Turpin, the chief executive officer of Old Mutual Asset Management, is leaving the firm after eight years.

UK EQUITY INCOME

Insight has bolstered its fixed income business with three new hires.

The FTSE 100 opened at 5,494 this morning, sliding 0.18% down in early trading despite a surge in M&A activity.

Martin Currie's emerging markets manager Dariusz Sliwinski is leaving the firm after a 13-year tenure.

Weak growth and falling inflation mean investors should expect more quantitative easing by the end of the year, says Fidelity's asset allocation director Trevor Greetham.

Modest improvements in economic indicators suggest equities could have hit their nadir, says Bob Doll, BlackRock's vice chairman and chief equity strategist for fundamental equities.

Neil Gregson has joined J.P. Morgan's global equities team as a portfolio manager.