• Harvest, the $110bn Beijing-based fund manager, has named Jing Lei as chief executive. Mr Jing, chief investment officer of Harvest’s fixed-income and institutional business, will succeed Henry Zhao, who has served as CEO since 2000, making him the longest serving head of a Chinese asset management company.

Mr Zhao will remain as chairman of Harvest. • Choi Hee-nam has been nominated as the next chief executive of Korea Investment Corporation, the $134bn sovereign wealth fund of South Korea, in an appointment that must be confirmed by the government.

A veteran civil servant who worked for the finance ministry for 26 years, Choi Hee-nam has also served as an executive director at the World Bank and was elected to the IMF’s executive board in late 2016. He will succeed Eun Sung-soo who left last year to take over as CEO of Korea Eximbank, the official export credit agency of South Korea.

• Janus Henderson has hired Andrew McCarthy as co-manager on its European long-only funds and mandates, working alongside John Bennett, head of European equities. Mr McCarthy joined Janus Henderson, which is listed in both New York and Australia, from USS, the UK universities pension scheme.

• Simon Finch has joined Man, the world’s largest listed hedge fund manager, as chief investment officer of credit at Man GLG, its discretionary investment arm. The veteran Mr Finch previously worked in a similar role at CQS, a rival London-based hedge fund manager. • Ahmad Deek has moved to OppenheimerFunds, the $250bn New York-based asset manager, as chief risk officer. Read more from ft.com…

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