Barclays Global Investors has appointed two senior staff to newly created positions at the head of its active equities team as it bids to restructure the team just days after after announcing job cuts across the global organisation.

Morry Waked, formerly the asset manager's chief executive and chief investment officer in Australia, is now chief investment officer and co-head of global active equities. He will remain in Sydney, and retains his investment role for the country, according to Australian website Financial Standard.