ceo

Mohammed El-Erian, chief executive of PIMCO and the man perceived by many as Bill Gross' heir apparent at the largest bond manager in the world, has resigned from his role.

The top ten US CEOs have earned over $100m each for the first time, with two CEOs earning more than $1bn over the course of 2012, according to a survey by GMI Ratings.

Smith & Williamson has announced a number of key changes to its senior management, including promoting two staff members as co-chief executives.

Kames Capital has appointed Martin Davis, former chief executive of Cofunds, as CEO of the business.

Aviva Investors has appointed John Misselbrook as interim CEO to replace Paul Abberley.

AXA Investment Managers' CEO Dominique Carrel-Billiard is to leave the company, with the head of AXA's Itlaian insurance business Andrea Rossi to take over.

Bookmakers have already set odds on who will replace Stephen Hester at the helm of RBS, following his shock resignation announcement yesterday.

Former HBOS chief executive James Crosby has been stripped of his knighthood, the UK Cabinet Office has said.

Nikko Asset Management is separating out its chairman and CEO roles, and has appointed ex-Nomura executive Takumi Shibata as director and chairman ahead of a planned IPO.

ING IM International has appointed BlackRock managing director Stan Beckers as chief executive officer following the departure of Gilbert Van Hassel.