People moves

Two new hires for Germany and the Netherlands

Previously at InfraRed Capital Partners

Team currently manages approximately €15bn in assets globally

Lofoten Asset Management stepping back after 11 years

Christine Chow

Jim Whittington will replace Joe Chi who retires at end of year

Michael Kashani joins from GSAM

Joins from LGT Vestra

Jane Routledge joins

Need to recognise inherent flaws in current system