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Kames Capital has appointed Martin Davis, former chief executive of Cofunds, as CEO of the business.

Aviva Investors has appointed John Misselbrook as interim CEO to replace Paul Abberley.

AXA Investment Managers' CEO Dominique Carrel-Billiard is to leave the company, with the head of AXA's Itlaian insurance business Andrea Rossi to take over.

Bookmakers have already set odds on who will replace Stephen Hester at the helm of RBS, following his shock resignation announcement yesterday.

Former HBOS chief executive James Crosby has been stripped of his knighthood, the UK Cabinet Office has said.

Nikko Asset Management is separating out its chairman and CEO roles, and has appointed ex-Nomura executive Takumi Shibata as director and chairman ahead of a planned IPO.

ING IM International has appointed BlackRock managing director Stan Beckers as chief executive officer following the departure of Gilbert Van Hassel.

JPMorgan Chase head Jamie Dimon survived a protest vote at the firm's annual shareholder meeting yesterday, which may have stripped him of his role as chairman.

Sir Paul Ruddock, head and co-founder of hedge fund Lansdowne Partners, is to step down from his role at the end of June.

The FSA has written to fund group chief executives outlining concerns over conflicts of interest policies and may take enforcement action after a review of industry practices.