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BGI looking for equity CIO as Annable exits

GLOBAL – Matthew Annable, European chief investment officer for active equities at Barclays Global Investors, is to leave next year in a “lifestyle change” – but his successor has not yet been chosen.

BGI said Annable runs its active equity strategies for clients in the UK and continental Europe. His responsibilities include equity portfolio management and developing stock selection and asset allocation.

“Matthew joined BGI in 1987 and after many successful years at the firm he is now seeking a lifestyle change,” the firm said.

“We respect his decision and we are particularly pleased that he has agreed to be available to BGI throughout 2006 in a capacity which will enable him to share his expertise and contribute to the success of the business."

"Matthew's departure is taking place in a very structured way and I am leading the search to find his replacement,” said Minder Cheng, global CIO of active equities.

“There will be a transition period during which a smooth handover will take place. Succession planning is something we take very seriously at BGI.

“We have already initiated the search process and have begun conversations with some very strong candidates."

The firm also announced a series of recent appointments.

- Malcolm Leigh, managing director of global market strategies (from Tactical Global Management).
- Nico Marais, head of investment strategy for the UK & European active equity group (from BGI San Francisco).
- Michael Melvin, director of currency research, San Francisco.
- Mark Stockley, head of cash sales (from JP Morgan).
- Mike Walsh, Europe CFO (from Deutsche Asset Management).

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