Cornelain Asset Managers has hired Richard Alexander, former director Global Equity dealing at BlackRock Investment Management, as associate director Investment Operations.

F&C Asset Management has appointed Jacob de Wit, head of fixed income, and Richard Wilson, head of equities, to the group's executive committee, following the company's demerger last week.

The Investment Management Association (IMA) has welcomed proposals set out in the Government's financial services white paper.

A number of risks still remain on the European Continent but high yielding stocks, left behind by the recent bounce, will provide opportunities says Newton's Tom Beevers.

Barclays is expected to increase its Asia Pacific staff numbers in its investment banking and private bank arms by around 5%, according to reports.

Liontrust's European Absolute Return fund has now launched, to be co-managed by Gary West and James Inglis-Jones.

The FTSE 100 has slipped 12.59 points (0.30%) to 4,174.41 this morning after a rocky day on Wall Street which saw the Dow Jones shed triple-digit losses of 161 points (1.94%) closing at 8163.60 points.

Jupiter's Nick Hinds is leaving the business to pursue other opportunities as from close of business today (Tuesday 7 July).

The IMA has accused the EU of confusing investment management with investment banking and is expressing frustration at regulatory proposals are being prepared.

The Bric concept has lost momentum according to emerging market managers in Standard & Poor's annual Global Emerging Markets review.