High-profile former DWS fund manager Graham Ashby has joined Sarasin Chiswell to run global and UK equity income funds.Ashby left DWS, where he ran the firm’s UK equity inc-ome and UK equity income plus funds, last October after it was bought out by Aberdeen Asset Management. Sarasin Chiswell is lining up a global income fund for Ashby in the second quar- ter, with the UK product set to be launched in the third quartile. Chief investment officer Guy Monson says Ashby’s appointment heralds a push by the firm into the UK retail market. It has also recruited Ashley Reid from Russell Investment Group to develop its thematic UK equity process. Monson says: “We think many investment houses have neglected global income but we are seeing premium yields in emerging markets and it would not be unreasonable to see a 20 per cent emerging markets exposure in Ashby’s fund.” Axa Framlington has sold its absolute growth fund to Premier Asset Management and manager Paul Branigan will move across to Premier in April. The move follows a spate of departures in the wake of Axa’s acquisition of Framlington last year. Framlington financials manager Richard Peirson will take over management of Branigan’s income and capital investment trust while Branigan will set up an equity inc-ome fund at Premier.