UK - Buck Consultants is set to name a new head of investment consulting following the departure of incumbent Paul Black to Lane Clark & Peacock.

Black's departure follows the acquisition of the firm from Mellon Financial Corp. by Affiliated Computer Services earlier this year.

Buck's marketing manager Tanya Byrne said the firm would announce next week that it has hired someone from a rival firm. She declined to name the person.

Lane Clark said Black, who has also worked at Aon, would be a partner within its investment team.

"Paul is well respected in our industry and we are delighted that he has joined our investment team," said LCP partner Mark Nicoll.

"He has a strong track record in providing investment advice to pension schemes and his experience will be a strong asset to the LCP investment team."