GLOBAL - Hermes, Russell Investments, APG, MFS IM, MSCI Barra, PwC, Aberdeen AM, Alcentra, Jupiter AM, Neuberger Berman

Hermes - The asset manager owned by the BT Pension Scheme (BTPS) has created a global credit asset management boutique in partnership with former Fortis Investment employees John Lupton and Cian O'Carroll. The pair were respectively head of global credit and head of market, customised and securities strategies at Fortis Investments prior to their Hermes move. They will now use their skills to manage £13bn (€14.8bn) at the boutique which contains Hermes' existing credit team. BTPS has made an initial investment of £400m with the new venture.

Russell Investments - The multi-manager operation has created the Global Knowledge Management Group, and appointed Don Ezra as its chair. He has been with the firm for 25 years and will continue as co-chair of Russell Global Consulting and Advisory Services, and will report Terry Berland, CEO.

APG - Michel Meijs, formerly senior vice president for corporate communications at APG Asset Management and earlier head of PR at ABP, has transferred to APG's New York operation has head of external relations. The Netherlands-headquartered asset manager is now looking for his replacement.

MFS IM - Lars Detlefs, has been appointed as managing director for the firm's German operation as an expansion to its institutional sales team. Having previously spent nine years as head of institutional clients at UBS Global Asset Management in Frankfurt, he will now report to London-based David Mace, managing director for Europe.

MSCI Barra - Roger Urwin has become an advisory director to the indices provider on a part-time basis. This is in addition to his current role as global head of investment content at Towers Watson.

PricewaterhouseCoopers - Martine Trouard-Riolle has joined the pension credit advisory team, from Penfida, as a director. She will advise clients on TPR's powers and on employer covenants, having previously also been head of corporate risk management at The Pensions Regulator for three years.

Aberdeen AM - Hans Benenga (pictured, right) has been given a new role as head of business development, Europe ex UK, reporting to Patrick Walker, head of European business development. Rik Brouwer, senior business development manager, will succeed Benanga as head of business development, Benelux.

Alcentra - The specialist fixed income manager, has made several senior management changes. Paul Hatfield, currently CIO and head of US operations in New York, is to become global CIO, based in London, from April 2010. Julian Colville, head of business development, and Ron Grobeck, senior US portfolio manager, have been appointed co-heads of the US business. Colville will relocate to New York in March. And Simon Perry has been promoted to head of business development EMEA ex-Japan. All four will report to CEO David Forbes-Nixon. Paul Echausse will continue to run Alcentra's US mezzanine business, reporting to Paul Hatfield.

Jupiter AM - John Chatfeild-Roberts, head of the Jupiter Merlin Fund of Funds Team, is now also chief investment officer from today. He will take over the duty from Edward Bonham-Carter who has been operating as both CIO and CEO.
Neuberger Berman - Jason Henchman is now Asia-Pacific chief operating officer and Chris Gunns is head of consultant relations for the region. Gunns was previously regional manager for institutional sales and business development at ING Investment Management Asia-Pacific.

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