GLOBAL - APG/Cordares, Telos, Alternative Investment Strategies, Hermes, Mercer, Impax, Aon.

APG/Cordares - First State Investments' Heiko de Boer and Robert Klijn from ING Equity Markets have started at Cordares Vermogensbeheer as relationship managers for institutional clients. Karin Roeloffs has been appointed as senior relationship manager for institutional clients with APG Investment Services. She previously worked at ABN Amro.

Telos - Oliver Roll will join Frank Wehlmann, the head of the Wiesbaden-based rating agency Telos, in running the agency's sales activities. Roll, recruited by Threadneedle Investments last year, resigned from his position in May.

Alternative Investment Strategies - Guernsey-based Richard Hotchkis has been appointed as a non-executive director with immediate effect. He is currently on the boards of FRM Credit Alpha Limited and Gottex Market Neutral Trust Limited as well as a number of other Guernsey registered companies.

Hermes - Daniel Temple is now associate director to manage the new market research function. He joins from Morley Fund Management.

Mercer - Marc Littlewood has rejoined as a senior consultant within the investment consulting business in Liverpool from Buck Consultants.

Impax Group -  Victor Juttmann has joined the environmental investment company as an investment manager from De Brauw Blackstone Westbroek where he worked as a tax lawyer. Caroline Barraclough is Impax's new marketing manager.

Aon Consulting - Barry Greenstein has joined the firm as senior vice-president in
the corporate transactions group, which focuses on mergers, acquisitions,
divestitures and restructuring. Greenstein will focus on serving Aon's private equity clients, with particular emphasis on due diligence and post-close portfolio services. Greenstein previously served as a senior actuary and principal in Mercer's New York office.

If you have any comments you would like to add to this or any other story, contact Carolyn Bandel on +44 (0)20 7261 4622 or email