**New CIO at Phillips & Drew**
UK – Matthew Stemp is new chief investment officer at Phillips & Drew (P&D), replacing Robin Apps who has left the company.

Stemp has been at P&D since 1993 and has some 17 years experience of the asset management sector.

**Cazenove expands board**
UK – Cazenove Group plc has appointed David Verey as deputy chairman to the board of directors. He will have a broad management role as member of the executive committee.

Verey joins after resigning as chairman form Lazard Brothers, where he had worked overall for 28 years.

**JP Morgan in Europe, Middle East and Africa reshuffle**
UK – JP Morgan Investor Services has appointed two new business heads for Europe, Middle East and Africa (EMEA, namely Ann Doherty and Richard Warne.

Doherty, who has been with JP Morgan for nearly 10 years, will take over as new head of global asset servicing executive for EMEA, moving from her position as global product executive for investment products and business executive for securities lending, a title that now goes to Warne, who moves from his role as regional business executive for North America.

**CME appoints new directors**
US – The Chicago Mercantile Exchange (CME) has made the following executive promotions.,

Arman Falsafi has been promoted to managing director of global electronic trading and data. He joined CME as senior director in 1999.

Richard Redding moves up to managing director of equities in the services division, having joined CME in 1998 as an economic analyst.

James Farrell takes on the role of director of electronic trading systems architecture and development. He has been with CME since 1987 and was previously associate director in the same area.

**State Street expands Münich investor team**
GERMANY – State Street Corporation as appointed Jürg Ambrosius as head of sales and marketing in its Münich office, reporting to Corinna Linner, managing director of State Street Münich.

Ambrosius joins from Deutsche Bank where he was chief of staff and director for global securities services.

**ABN Amro Mellon increases sales team**
NETHERLANDS / UK – ABN Amro Mellon has made two appointments to its sakes force in Amsterdam and London.

Marcel Massing, previously of Euroclear in Brussels joins the sales team in Amsterdam, where he will concentrate on building the ABN Amro Mellon joint venture’s maket share in the Netherlands.

Dean Hardley has joined the London sales team to focus on the joint venture’s UK pension fund market share. He joins from HSBC Global Investor Services, where he was deputy head of corporate trust.

**Mellon has new DC operations head**
UK – Mellon Trust UK and Ireland has appointed Andy Tamlyn as head of defined contribution (DC) operations. Tamlyn was previously operations director at US-based fund services group, Bisys.
His new position includes the stakeholder pensions business.

Mellon has also added David Robinson as head of fund accounting and John Maguire as chief operating officer Dublin to its staff.
Robinson joins from United Assurance, where he was investment operations manager and Maguire has previously worked for Bank of Ireland, Ulster Bank and Allied Irish.

**CAPS appoints four to boost sales and marketing**
UK – Investment information service provider, CAPS has added four new people to its sales and marketing team.
Steve Butler is new head of European business development and joins from Scottish Widows. He will be responsible for marketing CAPs’ full product range.

David Lydiat joins as enterprise sales manager, responsible for the new IMS Enterprise stock level performance and attribution system. He has some 20 years previous sales experience.

Johanna Martin comes on board as sales manager and will be responsible for selling products and services to UK asset managers.

Claudia Masbaum also joins as sales manager to sell the AMI product to European asset managers and consultants.

**Bank of America expands equity team**
UK – Bank of America Securities has appointed five new players to its equity sales teams.

Ian Moore and Beth Ogilvie join from ABN Amro, where they were both active in pan-European sales and will concentrate on European equity sales to UK institutions.

Harry Baker joins as oils specialist sales person , having spent the past year focussing on sales of UK small cap stocks at SG Securities.

Arun Mehra will focus on wireless telecoms sales and joins from CSFB where he was telecoms analyst.

Claire Hégy will join the US sales desk having previously worked in the sales trading department at Merrill Lynch.

**Weil, Gotshal & Manges hires pensions specialist**
UK – International law firm, Weil, Gotshal & Manges, has taken on Carmel Cahill as pensions associate. The move is in line with the strengthening of the pensions practice the company established last year.

Cahill will specialise in pensions law and advise on pensions aspects of mergers and acquisitions.

She has previously worked as pensions adviser for Irish Life Assurance in Dublin.

**Govett appoints new marketing chief**
UK – Govett Investments has appointed Simon Wilson as head of marketing, responsible for Govett’s marketing drive of open ended funds.

Wilson previously worked at Old Mutual where he was head of brand promotion.

**Fox to manage PPML business development**
UK – Personal Pension Management Limited (PPML), the self-invested personal pensions (SIPP) company, has appointed David Fox as business development manager.

Fox joins from Standard Life, where he was account consultant, and will be responsible for developing SSIPs in the North of England and selected accounts in London.

**SLC get new broker support head**
UK – SLC Asset Management (SLCAM) has taken on Caroline Carroll as head of broker support.

Carroll joins from Scottish Widows Investment Partnership and has 12 years experience in the broker industry.