Arnab Banerji has resigned from his position as head of investments for F&C Management in order to...
Arnab Banerji has resigned from his position as head of investments for F&C Management in order to concentrate on his public sector role.
In addition to his work at F&C, Banerji acts as an adviser to Tony Blair in the Government's Forward Strategy Unit, examining the prospects for the UK economy.
F&C is looking for an external replacement for Banerji, which will be announced in the near future.
Banerji is one of several employees to leave F&C in the past year, following its takeover by financial services conglomerate Eureko.
Marcus Hooper, formerly employed by Dresdner RCM Global Investors, has been appointed as head of dealing at Insight Investment, the fund management firm owned by UK banking group HBOS.
Reporting to investment chief Michael Deakin, he will be responsible for managing and developing the dealing desk.
Yianos Kontopoulos of Merrill Lynch has moved to a newly created position as chief global foreign exchange strategist, based in the group's New York office.
His responsibilities will include working with the bank's global economics team to establish a long-term outlook for major world currencies.
Kontopoulos has worked for Merrills since 1997 after joining from Salomon Brothers, where he worked as an economist in the Latin American division.
Senior managing director Doug Colandrea has left Morgan Stanley for Bear Stearns.
Colandrea played a vital role within the high-grade fixed income research team at Morgan Stanley.
At Bear Stearns, he replaces Marion Boucher-Soper, assuming the role of lead analyst covering the media sectors, including telecoms and cable ' areas in which he specialised at Morgan Stanley for six years.
Regulating Bear Sterns coverage of high-grade credits, Colandrea will report to head of high-grade fixed income Kelley Millet.
‘Important to have an anchor’
Report to be written by TPR
Lack of innovation for solutions
Some 2,000 consumers affected