Industry

Former Aberdeen global fixed income bond chief Paul Griffiths has joined First State Investments as CIO of fixed interest and credit.

Invesco Perpetual's Michael Matthews is to join Paul Causer and Paul Read as a co-manager on the firm's £5.8bn corporate bond fund at the end of the month.

BlackRock is merging its UK Dynamic fund with its UK fund as part of a wider UK equity overhaul as Mark Lyttleton resigns from the group.

Paul Milsom, a former senior equities trader at Legal & General Investment Management (LGIM), has today been sentenced to two years imprisonment for disclosing inside information between October 2008 and March 2010.

Schroders has reopened its US mid-cap strategy to new investment after two years of closure.

The Investment Management Association (IMA) has called on the FSA to increase the amounts insurers and banks contribute to the FSCS after warning fund managers faced cross-subsidies which were three times higher than the other institutions.

MICRO-CAPS

Ecclesiastical's group CEO Michael Tripp will retire this year after six years at the firm.

Invesco Perpetual pressured the veteran chairman of road haulage company Stobart to step down as the company's share price has struggled to perform, according to reports.

Ecclesiastical‘s Higher Income fund, managed by Robin Hepworth has moved out of the IMA UK Equity and Bond Income sector, into the Mixed Investment Shares 40-85% sector.