The latest moves in wealth management across the UK, Europe, Middle East and Africa.

UBS Asset Management
UBS Asset Managementhas appointed Charlotte Baenninger as head of fixed income, according to a memo seen by this news service. She is based in UBS' Zurich office.

Baenninger has been leading fixed income on an ad interim basis since the start of this year, and now takes the role on a permanent basis. She has 30 years of experience in the investment industry. She has spent her entire career at the firm, beginning as a trainee in 1987, and was appointed head of fixed income Switzerland and CEMEA in 2001, managing that area for 16 years before additionally taking on the global role in January 2017.

Royal London Asset Management
UK-based Royal London Asset Management (RLAM) has appointed fund manager Craig Yeaman and assistant fund manager Henry Burrell. 

The duo will both report to Henry Lowson. The new roles are subject to regulatory approval.

Yeaman was previously investment director at Saracen and manager of the TB Saracen UK Alpha Fund.  Burrell joins from Smith Williamson, where he was head of research for the UK Small Cap Strategy operation.

Also, the firm said Derek Mitchell, who manages the RL UK Opportunities Fund and the RL UK Mid Cap Growth Fund, has decided to retire after 10 years at RLAM and over 30 years in the investment industry. Lowson and Yeaman will take over the management of the funds previously managed by Mitchell. Yeaman will be managing the RL UK Opportunities Fund and Lowson will be managing the RL UK Mid Cap Growth Fund, with the support of Burrell.