MANAGEMENT BRIEFS

MANAGEMENT BRIEFS

Mercury Asset Management

chairman Hugh Stevenson will leave the company this week to become chairman-designate of Equitas, the group established by Lloyd's of London to reinsure £8 billion ($13.3 billion) in losses the insurance market suffered prior to 1992. Stevenson became Mercury's chairman in 1992 after 22 years with SG Warburg and led the firm into the £3 billion ($5 billion) merger with Merrill Lynch last year.

Gerald Lieberman

is resigning as Fidelity Investments chief financial officer

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A tech revolution in an old-school industry: FX

FX is in a state of transition, as asset managers and financial firms explore modernizing their operating processes. But manual processes persist. MillTechFX’s Eric Huttman makes the case for doubling down on new technology and embracing automation to increase operational efficiency in FX.

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