King heads up European equities desk at LGIM

Legal & General Investment Management (LGIM) has appoin-ted Ian King as head of active European equities following the departure of the entire team in August 2006. LGIM's European equity team, headed by former Axa manager Alia Baig, left the group by mutual agreement after failing to turn around performance of the £156m fund within three years. Other members of the four-strong team who departed were former Credit Suisse European manager Adam Holmes, Maana Ruia and Keith Ellam. King, who joins from hedge firm KDR Europe, will recruit a new European team. He has more than 17 years' experie...