Sir Hector Sants, former head of the Financial Services Authority (FSA), has been appointed new chairman of Julius Baer.

Legg Mason has integrated eight Martin Currie equity funds into its ICVC fund range, in a move that brings all its subsidiaries under one umbrella in the UK.

F&C is handing over the management of its Global Emerging Markets fund to sister company LGM Investments, following the integration of their emerging markets teams last year.

Tilney Bestinvest has removed its currency euro and yen hedges in the belief that the macroeconomic factors driving weakness in the currencies have now subsided.

Walker Crips has hired Tony Manning from JM Finn as an investment manager, as it continues the expansion of its investment division.

Tesco shares have bounced after the supermarket reported Q1 results it said are a "step in the right direction" ahead of a landmark AGM later today.

Ivan Nikolov has left Aberdeen Asset Management to join NN Investment Partners' convertible bonds team.

AXA Investment Managers has hired two senior members to its EMD team as its head of emerging markets fixed income Damien Buchet departs.

Pictet Asset Management is aiming to "create noise" with its first onshore product for UK investors, a lower cost multi-asset fund for Percival Stanion and team.

Broker Stifel has recommended investors sell Neil Woodford's Patient Capital trust due to its share price trading at a high premium to NAV.