Gareth Derbyshire will join investment bank Merrill Lynch in London on March 29 as managing director of the firm's year-old Europe, Middle East and Africa pension fund group. He will focus on asset-liability modeling with European clients and will report to Dawid Konotey-Ahulu, head of the EMEA pensions group, said Terez Hanhan, Merrill Lynch spokeswoman. Mr. Derbyshire was previously managing director of the European pensions group at Morgan Stanley, London. His duties will be reassigned temporarily to his colleagues until a replacement is found, said Morgan Stanley spokesman Hugh Fraser.
Patrick Thomson has joined the London office of hedge fund-of-funds manager Ivy Asset Management as head of European client service. The position is new, said Ivan Royle, an Ivy spokesman. Mr. Thomson was a managing director, based in the Singapore office of JPMorgan Asset Management. He headed the firm's Sovereign range of asset management strategies and services for governments and central banks. Mary Sedarat, a spokeswoman for JPMorgan, said Andrew Williams, a managing director and member of the Sovereign team, replaced Mr. Thomson.