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Funds News

UPDATE 1-MOVES-First American Financial, BofA Merrill Lynch

(Adds First American Financial, Standard & Poor’s)

Aug 27 (Reuters) - The following financial services industry appointments were announced on Friday. To inform us of other job changes, send an email to moves@thomsonreuters.com.

FIRST AMERICAN FINANCIAL CORP FAF.N

The real estate and mortgage insurance and settlement services provider appointed Mark Valdes as chief financial officer and Mark Seaton as senior vice president, finance. Seaton had joined the company from BancBoston Capital in 2006.

STANDARD & POOR’S FINANCIAL SERVICES LLC

Standard & Poor’s appointed Grace Osborne as business leader for U.S. mortgages within structured finance ratings. Prior to this she was managing director of the insurance ratings team. Osborne is replaced by Greg Gaskell, managing director, as lead analytic manager and head of the North America insurance practice.

BANK OF AMERICA MERRILL LYNCH GLOBAL RESEARCH

The unit of Bank of America Corp BAC.N appointed Adarsh Sinha as head of Asia Pacific G10 foreign exchange strategy based in Hong Kong. Sinha joins from Barclays Capital BARC.L where he worked in the FX strategy group.

ROYAL LONDON MUTUAL INSURANCE SOCIETY LTD [ROLGPI.UL]

Britain’s largest mutually owned life insurance and pensions company said its Chief Executive Mike Yardley was planning to leave the group once a successor had been found to replace him. [ID:nLDE67Q0TI]

CALPERS

Calpers investment officer Leon Shahinian, who was named in a fraud lawsuit by California Attorney General Jerry Brown’s office against the pension fund’s former chief executive and a placement agent, has resigned from the fund, The Sacramento Bee said on Thursday. [ID:nN26232738] (Compiled by Soham Chatterjee in Bangalore)

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