Russell quits Cazenove - this week's Movers & Shakers

Cazenove head of pan-European equities Tim Russell is to leave the group in July. European fund manager Chris Rice will take over Russell's role, while Steve Cordell will assume the running of the £197m UK absolute target fund. Russell, who has spent 26 years in the investment industry, will leave the firm in July to take a career break. The reshuffle marks long/short manager Cordell's return to managing retail money. He joined the business with Russell and Rice from HSBC in 2002 and is manager of the Cazenove Pan Europe fund. He has co-managed the European offshore hedge fund with...