UK - Barings' David Kiddie has been named new chief investment officer equities at ABN Amro Asset Management from early 2007.

He will be replacing Kevin Smith who is resigning for personal reasons.

Kiddie joins from Baring Asset Management where he was head of equities "looking after the overall performance of the team", a Baring spokeswoman confirmed.

"We are hugely grateful to Kevin for his significant contribution during the past two years," said Sarah Russell, chief executive of ABN Amro AM.

"Kevin has been a valuable member of the management team and we respect the difficult choice that he has had to face.

"He leaves an excellent platform for further growth and we are delighted to have recruited someone of the calibre of David Kiddie to build on the progress started by Kevin."
At the end of last month ABN AMRO Asset Management reported that its third-quarter net profits 5.7% pct to €50m from €53m in the prior year period.

Kiddie will be replaced at Barings by Tim Scholefield who will take on Kiddie's role in addition to his responsibilities as head of global equities.