The Association of Investment Companies (AIC) has elected Peter Arthur to replace Andrew Bell as chairman.
Witan Investment Trust has appointed two new managers for its global equity portfolios.
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.
Andrew Bell's £1.1bn Witan investment trust has conceded it was too highly leveraged last year, after reporting a sharp drop in its NAV for 2011.
Ex-Witan investment trust CEO Robert Clarke has joined MAM Funds in the newly created role of group finance director and director of operations.
Andrew Bell is set to boost emerging market exposure on £1bn Witan trust and halve number of European stocks.