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SLI picks new global team chief

Standard Life Investments has appointed Rod Paris to head its global bond team, triggering the departure of highly regarded UK fixed-interest manager Will Hay.

The changes follow a disagreement about strategy, with the board wanting to put more emphasis on global rather than UK fixed interest.

Paris is currently managing director and head of global fixed income at Merrill Lynch.

It is understood that Hay was offered a lesser post but chose to take retirement. Paris is expected to take up the post on May 1.

Scottish Widows Investment Partnership has appointed Ian Cormack and Gregor Macdonald, who both left SLI&#39s small caps team in September and were replaced by Mark Niznik from Invesco Perpetual.

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Bristol & West – Online 6 Month Bond

Friday, 12 April 2002 Type: High interest account Minimum-maximum investment: £1,000-£1m Interest rates: 4.2% a year gross, 4.12% a month gross Term: Six months Offer period: Until May 6, 2002 Withdrawal penalties: Withdrawals not permitted during term Tel: 0845 1110117

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