Phil Wagstaff is leaving his role as chief executive of Skandia Investment Group, just two weeks after joining, to become global head of distribution at Henderson Global Investors.

EQUITIES

Baring Asset Management has hired Matthew Whitbread to work on the multi-asset team in Boston.

Kames Capital's head of UK equities Stephen Adams has predicted UK plc could see negative earnings in 2012, undershooting consensus forecasts by 15%.

Kames Capital is set to appoint Peter Shaw as co-manager of the £361m UK Equity fund on 1 January.

Manager plays yield curve and looks for ‘dull' core holdings in long-standing fund.

IMA's new definitions for Managed sectors are met with cautious approval, although some fund groups say more clarification is needed

Energy stocks could see up to 50% upside over the next three years, according to Guinness Asset Management's Tim Guinness, supported by the high price of oil.

Brazil has joined central banks across the world in easing monetary policy after it slashed interest rates by 0.5%.

The European Union's economic affairs commissioner has warned leaders they have just ten days to save the euro.