Chris Lewin was appointed chairman of the board of the £2.3 billion ($4.2 billion) GEC 1972 Plan for staff of Marconi Corp. PLC, Coventry, England. He replaces John Brew, who retired last month. Mr. Lewin was also appointed chairman of the plan's investment advisory committee, a post formerly held by Mr. Brew. Mr. Lewin was previously head of U.K. pensions at Unilever PLC, London, until he retired earlier this year.
Tony Hobman was named chief executive officer for the new U.K. pensions regulator, said a spokesman for the Department for Work and Pensions, London. Mr. Hobman is chief executive of the Occupational Pensions Regulatory Authority, Brighton, which will cease operations when the new agency is started in April. A recent law created the Pension Protection Fund and the new pensions regulator.
Michael Rimmer, Jeremy Rigg, Nick Mottram, Chris Carter and Nigel Dutson left Investec Asset Management, London, after the company failed to meet their demands for a stake in the products they manage. Hendrik du Toit, chief executive officer, said the group wanted to turn their revenue sharing into a permanent stake, which conflicts with the firm's business model.
Mr. Rimmer ran the U.K. Opportunities Fund; Mr. Rigg managed the Investec Blue Chip Fund; Mr. Mottram handled the Global Free Enterprise Fund; and Messrs. Carter and Dutson were global equity managers, said Tilly von Twickel, spokeswoman. None could be reached for comment.
Dan Hanbury will take over the U.K. Opportunities Fund, Christine Baalham will run the Investec Blue Chip Fund, and Mark Breedon will manage the Global Free Enterprise Fund. Mr. Hanbury will continue to oversee U.K. small-cap equity funds, and Mr. Breedon will remain portfolio manager, Asian emerging markets and global equities. Ms. Baalham is an equity portfolio manager. Messrs. Carter and Dutson have not been replaced, said Ms. Von Twickel.
Richard Lockwood was appointed executive director and head of U.K. sales at Morgan Stanley Investment Management, London, after the group restructured its U.K. institutional sales team and merged it with the intermediary sales group. Mr. Lockwood was previously director of institutional business development at ABN Amro Asset Management, London, and joined Morgan Stanley in July. Ian Martin, former head of U.K. institutional sales, will continue focusing on institutional clients and will report to Mr. Lockwood.
Also, Simone Bouch has been appointed vice president in the U.K. sales team and will work with Mr. Martin covering the U.K. institutional client market. She was previously head of European client services for Henderson Global Investors, London, where she has not been directly replaced.
Mr. Lockwood's responsibilities at ABN Amro Asset Management have been reassigned to Simon Chinnery, head of U.K. institutional business.
Karen Hamilton joined Northern Trust Corp., London, as vice president, product development manager for its global fund services business, a new position. She had been a project manager at Mellon Corp.'s European fund services group in London; information on her replacement wasn't available.
Kai Volkmann was named account manager by Merrill Lynch Investment Management, Frankfurt. It is a new position. Mr. Volkmann had been a senior sales executive for institutional clients with J.P. Morgan Fleming Asset Management in Frankfurt; he left in June and was not replaced, a company spokeswoman said.
Charles Cohen joined State Street Investor Services, London, as head of U.K. pension sales. He replaced Yvonne Franklin, who joined Bank of New York, in London as head of consultant relations, Europe. Mr. Cohen had been a senior consultant at Thomas Murray, London.
Lee Ann Thompson was hired as client adviser for the U.K. institutional team at J.P. Morgan Fleming Asset Management, London. It's a new position. Ms. Thompson had been a director in the U.K. institutional client investment services division at HSBC Asset Management (Europe) Ltd., London. A spokeswoman couldn't say if she had been replaced at HSBC.