Five managers join Friends

Friends Ivory & Sime has recruited five managers to fill gaps in its UK mid and small-cap and pan-European large-cap teams. The group, which has £37.4bn of assets under management, has taken on Martin Smith, Miles Bennett and Ian Wheatley in its pan-European large-cap equities team. Debbie Clarke, head of equities at the group, said Smith, who joins from Robert Fleming Securities, and Wheatley, who joins from JP Morgan, would also serve as members of the UK portfolio construction team. Bennett, who joins from BG Bank, will contribute to the continental European portfolio construction ...