UK

The man arrested by the Financial Services Authority (FSA) in connection with an unauthorised foreign exchange trading scheme also hit headlines last month, it has emerged.

James Murdoch is to step down as chairman of UK satellite broadcaster BSkyB, but will remain on the board.

Robin Geffen and Neil Woodford are among shareholders in International Power calling for French utility firm GDF Suez to hike its bid for the group.

Aberdeen Asset Management CEO Martin Gilbert said he wants to oust Katherine Garrett-Cox as chief executive of the £2.1bn Alliance Trust.

Standard Life Investments (SLI) has handed its tracker fund range to passive investment house Vanguard Asset Management as it looks to focus on its active fund offering.

Aviva Investors has seen yet another high profile departure as upheaval continues within the insurer's asset management arm.

Philip Rodrigs is to take over as manager of the Investec UK Alpha fund as the group expands the scope of his mandate.

Nigel Thomas, manager of the £3.2bn AXA Framlington UK Select Opportunities fund, has sold out of his position in supermarket chain Tesco for fear of ongoing problems in its UK business.

MAM Funds is preparing to launch a global multi-asset income product for Martin Gray and James Sullivan.

BlackRock has promoted Alex Hoctor-Duncan to the newly created role of head of retail for Europe, Africa and the Middle East (EMEA), while Maarten Slendebroek, responsible for international retail, is leaving next month after 18 years with the group