According to Financial News, Legal & General has hired recruitment firm to find next chief executive for its asset management arm. The newspaper claims that the agency is on the hunt for a talent who will replace Peter Chambers who is to retire as a chief executive of Legal & General Investment Management. Sources

The UK’s claims to be European centre for hedge funds may turn not true after a move of the third-richest hedge fund manager, Alan Howard to Geneva. Howard has announced his move in regulatory announcement to the London Stock Exchange and is going to move to Switzerland, according to Financial News. This means that Brevan Howard

According to Financial News, Bain Capital is planning to move to Asia by relocating top executives. Walid Sarkis who will be in charge of ‘driving the business there’ is one of the first to be moved to Hong Kong. Dwight Poler and Steven Barnes will co-head the European business. Bain Capital now focuses on the Asian market.