Russell quits Cazenove - this week's Movers & Shakers

Who has moved where in another busy week in financial services?

Cazenove head of pan-European equities Tim Russell is to leave the group in July. European fund manager Chris Rice will take over Russell's role, while Steve Cordell will assume the running of the £197m UK absolute target fund.

Russell, who has spent 26 years in the investment industry, will leave the firm in July to take a career break.

The reshuffle marks long/short manager Cordell's return to managing retail money.

He joined the business with Russell and Rice from HSBC in 2002 and is manager of the Cazenove Pan Europe fund. He has co-managed the European offshore hedge fund with Rice since launch in December 2003.

Other Movers & Shakers this week

IFA services provider threesixty has announced that David Brattesani, its client services director, is leaving the company to follow interests outside the financial services industry.

Insurer Friends Life has appointed David Still, formerly of UBS, as its new director of retirement income.

John Foster-Powell, chief financial officer at financial services group Merchant Securities, is set to leave the group and step down from the Board in September. No replacement has yet been found.

Towergate Financial, a financial advisory firm incorporating mortgage broker John Charcol, has appointed Drew Wotherspoon as director of marketing & communications.

Ashcourt Rowan has appointed former Parmenion sales director Paul Miles as director of intermediary services.

Investment boutique JO Hambro Capital Management (JOHCM) has recruited Asian equity fund managers Samir Mehta and Cho-Yu Kooi in advance of the launch of two Asia ex Japan equity funds in late September.

Paul Jagger, chair of Barnsley LIFT Company, has been appointed chair of the NEST employer panel, and Museji Takolia, executive chairman of Intellicomm Solutions, has been appointed Chair of the NEST member panel.

Hymans Robertson has appointed former Baillie Gifford client director Linda Selman head of public sector investments. Alison Murray has returned to the pension consultancy as head of policy and technical development after a period working at the Government Actuary Department.

Nucleus has appointed Lisa Breslin, formerly of Standard Life, to the newly-created position of communications manager.