3i

Andrew Bell, chief executive of the £1.1bn Witan investment trust, has joined the chorus of disgruntled shareholders who are demanding radical change at private equity firm 3i.

ITs

Investment trust analysts have warned arbitrage activity will be rife in 2012 and could lead to a number of wind-ups in the sector this year.

Former 3i Group chief executive Brian Larcombe has joined the board of Investment Week's publisher Incisive Media as a non-executive director.