Emma Moriarty joins Peter Spiller & Chris Clothier to run Capital Gearing Trust. What will Emma bring to the management team?

CG Asset Management has promoted Emma Moriarty to named fund manager across its multi-asset funds, including the £809m Capital Gearing Trust, "with immediate effect" (RNS, 7 October). She joins co-CIOs Peter Spiller, who has managed the trust since April 1982, and Chris Clothier. Chief executive Alastair Laing steps back from his formal co-manager role but remains on the Asset Allocation Committee. A former senior economist at the Bank of England, Moriarty has been a named manager of CGAM's three bond funds for the past two years.

Laing cited "her macroeconomic experience and particular expertise in fixed income and index-linked bonds". This looks like a significant move as CG bolsters the team around Peter Spiller, to support him and to ensure that the process and expertise he has built up over 44 years of managing the trust are passed on to the next generation of fund managers for CG's multi-asset funds.