PineBridge Investments has appointed E. Mervyn Davies, the United Kingdom’s previous minister of state for trade, investment and small business, as a new non-executive chairman at the New York-based money management firm.

In the newly created role, Davies, who is also known as Lord Davies of Abersoch, will “help drive the firm’s strategy to further strengthen its position as a leading global asset management firm,” the Sept. 7 press release said.

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