A change of sub-investment manager for Legg Mason, a Taiwan appointment for Deutsche Bank and a new hedge fund administration mandate for Citigroup lead this week's round-up.

Asset management • Legg Mason has named ClearBridge Investments as the new sub-investment manager of its Global Equity Fund, which is now called the Legg Mason ClearBridge Global Equity Fund. The new manager has $57.3bn in assets under discretionary management. ClearBridge replaces CBGCIM in the role.