John Stubbs, veteran fund manager of Friends Ivory & Sime (FIS), is to retire at the end of the year.

Stubbs was the chief investment officer at Ivory & Sime until it merged with Friends Provident to become FIS in early 1998. As a result of the merger he became deputy chief investment officer at FIS, reporting to Friends Provident's Howard Carter, and had overall responsibility for investment trusts.

Stubbs to retire from Friends Ivory & Sime

William Hutchings

British Assets Trust

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