Rupert Pennant-Rea has been appointed as Royal London's non-executive chairman, following current chairman Tim Melville-Ross' retirement. Pennant-Rea was appointed as non-executive chairman of Henderson Group in March 2005. He is a former deputy governor of the Bank of England and editor of The Economist. He is also non-executive chairman of The Economist Group and a non-executive director of Go-Ahead Group, Gold Fields Limited (South Africa) and Hochschild Mining. He will join the Royal London Group Board with immediate effect and become non-executive Chairman at the AGM on 28 May 2013.

Joe Murphy has joined Aon Hewitt's Global Asset Allocation team within its Investment Consulting practice. Murphy joins the team after spending five years with British Telecom Pension Scheme Management, where he was a derivative overlay manager and multi-asset strategist on the £35bn BT Pension Scheme. Before this, he spent four years with Bank of Ireland Asset Management in Dublin, where he was responsible for implementing the house investment strategy on a range of domestic and international institutional funds. Murphy studied at University College Dublin, gaining both a first degree in Business and Legal Studies and an MSc in Finance, and he is a Chartered Financial Analyst.

Legal & General Property has appointed Rob Codling as a senior asset manager within its £1.4bn managed fund. Codling will report directly to fund manager Mark Russell and joins the three-strong asset management team that looks after a portfolio of 68 direct property assets. He joins from Jones Lang LaSalle where he has spent the last eight years, working initially in the Bristol market and latterly as asset manager and transactions surveyor to LGP’s Industrial property investment fund.

Following Man Group chief executive Peter Clarke's decision to retire as chief executive and to step down from the board, Man Group announced that he will be succeeded by Emmanuel Roman, currently president and chief operating officer.

Royal London Asset Management (RLAM) has appointed Rob Williams as head of distribution. He will join RLAM on 7 January 2013 and will report to chief executive officer Andy Carter. Williams will lead the sales and marketing strategy, promoting RLAM’s full range of asset management capabilities to key wholesale and institutional clients. In addition, he will sit on the board of RLAM. Williams has over 19 years’ experience of the asset management industry, and was previously chief sales & marketing officer at Skandia Investment Group where he was responsible for leading the company’s distribution, marketing and client-facing activities globally. He joined Skandia in 2001 as director, marketing & product development for Skandia Global Funds, becoming deputy managing director in 2005. Prior to that, he worked at JP Morgan Asset Management for eight years, from 1993 to 2001, latterly as head of marketing for Europe.

Ken Tooze has joined Aberdeen as a senior institutional business development manager. He previously worked for Nomura Asset Management also focusing on the UK institutional market. Furthermore, Stuart Ives has joined as a senior consultant relations manager and will work within the consultant relations team. He previously worked for J O Hambro Investment Management in a similar role.

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