Ken Lambden was appointed chief investment officer at Baring Asset Management, a Barings spokeswoman said.
Mr. Lambden will start Sept. 16 and will be based in London.
He replaces Marino Valensise, who moves to the role of head of the multiasset group, following the departure of Percival Stanion, who has resigned to pursue another opportunity.
Mr. Valensise had “expressed a desire to go back to running money,” the spokeswoman said.
Following Mr. Stanion's departure, Mr. Valensise will take on responsibility as lead portfolio manager of the Baring Dynamic Asset Allocation fund. Christopher Mahon, a portfolio manager on the team, takes on leadership of the Baring Multi Asset fund from Mr. Stanion.
Multiasset portfolio managers Andrew Cole and Shaniel Ramjee have also resigned. The spokeswoman said the firm is recruiting for a portfolio manager and an analyst for the multiasset team. The future plans of Messrs. Stanion, Cole and Ramjee could not be learned by press time.
Mr. Lambden most recently was global head of equities at Schroders, a role he left in February. He was replaced by Peter Harrison, who was later appointed head of investment. Nicky Richards was named global head of equities, a Schroders spokeswoman said.
“It is a natural fit for (Mr. Valensise) to assume leadership of our multiasset franchise, ensuring continuity of investment approach and insight across the portfolios,” said David Brennan, chairman and CEO at Barings, in a news release.
Barings has also appointed Sonja Laud to the new role of multiasset income investment manager, based in London. The spokeswoman said her appointment was a reflection of Barings' development of multiasset income products across a number of jurisdictions.
Ms. Laud was a fund manager on Schroders' global equity team, focusing on income. She left in November. Her responsibilities were taken on by portfolio managers Ian Kelly and Jamie Lowry, according to the Schroders spokeswoman.