The head of dealing at Baring Asset Management is to move to the Scottish manager Baillie Gifford later in 2016 – the latest senior move among the top ranks of the European buyside's trading community.

Adam Conn, dealing chief at Barings for more than six years, will join Edinburgh-based Baillie Gifford, which manages £123 billion in assets, as its head of trading in September, according to people familiar with the situation.