Robin Minter-Kemp, former director of investment funds at Cazenove Capital, has joined Rayner Spencer Mills Research (RSMR) as a non-executive director.
Asset managers are likely to engage in a "fundamental rethink" of their retail strategies as more customers go direct in future, according to analysts at Barclays.
PIMCO is continuing its expansion into equities with a number of new funds.
Mid-cap stocks have suffered a harsh and indiscriminate sell-off in recent weeks, and managers have pointed to liquidity concerns as a possible trigger for the falls.
Fund managers cut Middle East exposure ahead of frontier index shake-up
Old Mutual Global Investors has attracted the most retail inflows of all fund groups in the first quarter of the year, as investors flock to the group's UK star Richard Buxton.
Leon Howard-Spink is to hand over his £1bn European Alpha Plus fund next month to focus on running pan-European portfolios, Investment Week can reveal.