** Watson responds to pension fund complexity **
Consultant Watson Wyatt has pulled two investment managers on board as specialist manager researchers to the fund manager research team of its investment consulting practice, in a sign that pension funds are adopting increasingly complex investment structures.
Gary Dowsett joins from Phillips & Drew where he was a director in the pan-European equity fund management team.
Peter Eerdmans moves from Robeco where he was a senior fixed income portfolio manager.
Martin Knowles, head of Watson Wyatt Investment Manager Research Europe, comments: “ The adoption by pension funds of increasingly sophisticated investment structures puts a growing emphasis on the depth and quality of their consultants’ manager research – this was one of the issues recognised in the recent Myners report.

** EFM says it’s Waugh **
Edinburgh Fund Managers (EFM) has appointed Robert Waugh as head of UK large cap equities.
Waugh’s primary responsibilities will be directing sector strategy and stock selection within UK equity portfolios and the management of EFM’s six strong large cap team.
He will also be appointed as a director of Edinburgh Fund Managers, reporting to Iain Beattie, deputy chief investment officer.

** Andresen to Nordea **
Dag Andresen will join financial services provider Nordea in September as group chief internal auditor. He is currently chief financial officer and head of finance and control in DnB retail banking at Oslo based Den Norske Bank. Previously he has worked for Nordic Investment Bank, shipbuilding company Kvaerner in Helsinki and the Norwegian navy and air force.

** BGI targets Middle East with appointment **
Barclays Global Investors (BGI) has hired Chris Somes-Charlton as a business development director for the Middle East, based in the group’s London office.
Somes-Charlton joins BGI after five years as an Arab equities fund manager with the Bank of Kuwait.

** Adams joins Dunnett Shaw and partners **
David Adams has been appointed as a non-executive director to the board of internet technology management consulting firm Dunnett Shaw and Partners. Adams has worked for 30 years in local government and 10 years with the Railways Pension Scheme. He is also board member at Equitable Life Assurance Society, UK Occupational Pensions Regulatory Authority, a director of Merrill Lynch UK Investment Trust and an independent trustee of the Civil Service Benevolent Fund’s pension scheme.


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