Peter Baxter was named CEO of Old Mutual Asset Managers (UK), said Tucker Hewes, spokesman. Mr. Baxter replaces John Ainsworth, who is leaving the firm. Mr. Baxter was deputy CEO. A U.K. spokesman could not be reached to comment on Mr. Ainsworth's plans or whether the deputy CEO position would be filled.
Chris Walker was appointed managing director-international at Scottish Widows Investment Partnership. It is a new position, created to boost the firm's international client base. SWIP plans to gear up its international business through partnerships and direct marketing in Europe and the United States. The firm currently manages $300 million in client assets, said Mr. Walker. He was head of institutional business, covering SWIP's international operations outside the United States. Mr. Walker said he is not being directly replaced; the firm is restructuring its international marketing operation and will be hiring additional marketing staff over the next few months to cover Europe and the United States.
Veronique Courlier joined AXA Investment Managers as global head of hedge funds activities. She will be based in London. Ms. Courlier was senior vice president and head of alternative investments at Olympia Capital Management. Further information was not available by press time.
Schroders is expanding its global emerging markets equity team and has added six new positions, said Richard King, spokesman. Waj Hashmi will be global emerging markets manager; Liesbeth Rubinstein will be head of Europe, Middle East and Africa; Claudio Brocado will be head of Latin America; Braam Hanekom will be emerging markets strategist and economist; Jasper Crone will be an analyst; and Rupert Rucker will be emerging market equities product manager. They will report to Allan Conway, head of global emerging markets equity, and will be based in London. Mr. Hashmi was global emerging markets portfolio manager at WestLB Asset; Ms. Rubinstein was a portfolio manager with JPMorgan Fleming Asset Management, now known as JPMorgan Asset Management; Mr. Brocado was a portfolio manager for Latin American equities with Fidelity Investments; Mr. Hanekom was an economist with Credo Capital; Mr. Crone was emerging equities analyst with F&C Asset Management; and Mr. Rucker was director of new business development and client servicing for the U.K., Middle East and China with WestLB. Adam Banker, Fidelity spokesman, said the firm is appointing a successor and company officials expect to fill the position "soon." Mr. Crone will remain with F&C for the next few months; there are no immediate plans to fill the position, said Jason Hollands, F&C spokesman. Officials at WestLB, JPMorgan Asset and Credo could not be reached by press time regarding replacements.