Peter Hewitt has taken over as director of global equities from Julie Dent at Friends Ivory & Sime, in anticipation of investment fund manager John Stubbs' retirement at the end of the year.

Dent now has fund management responsibilities for the £665m (€1.07bn) British Assets Trust from Stubbs, while Hewitt has been promoted to take over her responsibilities.

William Hutchings

British Assets Trust

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