People Moves
Edinburgh Asset Manager Hires Eight

Edinburgh-based asset manager Martin Currie has hired eight investment managers. The move, intended to strengthen proprietary research, improve delivery and aid new product development, increases the investment team to 51. The recruits include four analysts. Claire Marwick, who joins from Alliance Trust, and Paul Danes from Nordea Investment Funds are both Japan analysts. Warren Lin, formerly of Fubon Securities, is a Taiwan analyst, and Brian Canavan, previously with Deutsche Bank is an Asia analyst. There are also four sector managers. Toby McCullagh joins from Bear Stearns to cover the consumer sector and Luca Fasan joins from Sanpaolo IMI Asset Management to cover telecoms, media and technology. Bruce MacDonald formerly of Teather & Greenwood will cover infrastructure, and Rory Stewart previously with Simmons & Co, will cover resources. Martin Currie, which now has £1.4 billion under management, had an investment team numbering 28 in 2000. Chief executive Willie Watt said that, in time, he expected the recruits to contribute to, or run, new products in the company's specialised range.