Bank of Ireland Asset Management has overhauled its senior portfolio management team yet again with the announcement of four appointments and one departure. The Irish fund manager has been in a constant state of flux since 2004 when four key executives defected to set up a global equities operation in Dublin for Australian financial services group Perpetual. In July, BIAM''s head of equities Paul Boyne quit after a year in the post along with fund manager Jamie Wood. The latest reshuffle sees former executive Leona Nicholson return to the group as head of Irish equities and head of global products after only resigning in May. Ms Nicholson is to replace Ivan Fox, who is leaving to start a wealth management business, according to a statement from Bank of Ireland. The company has also recruited Lance Graham from AIB Investment Managers as head of UK equities and co-manager of eurozone equities, and Peter de Lacy from hedge fund Marble Bar Asset Management as a senior research analyst covering telecoms and technology companies. Brian Routledge, head of US equities, has also been promoted to head of the concentrated global equity product.