GLOBAL - Baring, Watson Wyatt, Pictet, Jupiter, Blackrock, Liability Solutions, DWP, AMF, HSBC, Luzern, SWIP, ABN Amro, GASB

Baring - Michael Hughes, currently chief investment officer at Baring Asset Management, will retire at the end of this year. He will be replaced by Marino Valensise who is head of Barings' fixed income and currency team. In turn, his deputy Alan Wilde will take on Valensise's role.

Watson Wyatt - Chris Sutton, former head of Barclays Global Investor's iShares, has resurfaced at Watson Wyatt. He will be joining the consultant's Thinking Ahead Group (TAG) led by Roger Urwin. iShares and BGI decided not to appoint someone new for his position when Sutton announced in March he was leaving.

Pictet - Frank Böhme has resigned as managing director at Schroders' German unit in order to join the Frankfurt office of Swiss private bank Pictet. IPE has learned Böhme, a deputy to Schroders' former German head Martin Theisinger, will join Pictet on October 1 as deputy to Michael Montag, current head of German institutional sales.

Jupiter Asset Management - Mark Wilmott has been appointed as institutional business development manager at Jupiter. He joins from Royal London Asset Management where he worked as institutional business development manager since 2003.

Blackrock - Emma Douglas has been appointed as BlackRock's head of
defined contribution (DC) sales. She joins from Threadneedle where she has been head of DC since 2002.

Liability Solutions - Nicola Ralston has left Hewitt to join research and advisory firm Liability Solutions, and work with the service related to fund of hedge fund selection as well as mergers and acquisitions.  Ralston had most recently head of global investment consulting at Hewitt.

Department for Work and Pensions (DWP) - Former Solicitor General Mike O'Brien has been named as Minister for Pensions Reform, replacing James Purnell who became Secretary of State for Culture, Media and Sport in Gordon Brown's reshuffle of the cabinet.

AMF - The Swedish pension provider AMF has appointed Henrik Oh as head of its Swedish equities team following the departure of Lars Bergkvist earlier this year. Bergkvist has now joined Swedish fund manager Lannebo Fonder.

HSBC - Julian Lyne has been promoted to HSBC Investments' head of global consultant relations, having previously held the role of head of institutional business development UK at HSBC Investments.

German Accounting Standards Board (GASB) - Liesel Knorr has been elected as president of the GASB, to replace Harald Wiedmann who announced his resignation earlier this year.  Between 1994 and 1999, Knorr had been technical director at the International Accounting Standards Committee (IASC) in London.

Luzern - Hans Lütolf, president of the board of CHF4.5bn (€2.7bn) Pensionskasse for the Swiss canton of Luzern, has stepped down after 24 years in this position. His place was taken by Irene Keller, another board member from the local authority government of the town of Vitznau.

SWIP - Scottish Widows Investment Partnership (SWIP) has appointed Carlos Costales to head up its newly-established  institutional business in Spain. Costales joins from Atlas Capital Inversiones in Madrid where he was director.

ABN Amro - Chris Kelly and Tomasz Stadnik were appointed co-heads of global emerging market debt managing the company's flagship AAF emerging market bond fund. They join from Credit Suisse where they formed the company's two-man team in 2005, managing $1.5bn (€1.1bn) in global emerging market debt.