The appointment of Lodwick comes a year after Neil Birrell announced he was leaving Framlington after eight years at the asset manager. His role as CIO was taken on by Peter Chambers, the chief executive who joined from Gartmore last year.Lodwick has spent six years at Morgan Stanley Investment Management, latterly as CIO of the London equity group, where he was responsible for a team of 30 investment professionals. Before that, Lodwick was a portfolio manager with Morgan Grenfell Asset Management, running European and US retail funds and institutional mandates. Nick Hodgson, sales and marketing director of Framlington, says the firm will not launch a fund for Lodwick, but he is likely to assume responsibility for an existing fund. “Jeremy fits what we were looking for,” says Hodgson (pictured). “He is a good man-manager and is sufficiently experienced to represent the views of the fund managers on the executive committee. He will also look at any investment issues that need to be addressed.” Sources close to Framlington say Lodwick was interviewed by the fund managers and gained their approval. Lodwick, says Hodgson, will also lead the macroeconomic debate, although he stresses that Framlington’s funds will continue to be managed on a bottom-up stockpicking basis. He adds that the role of chief economist, currently Jonathan Asante who is leaving to join First State Investments, will not be filled directly. “We have started the interview process to recruit a manager for the Framlington Emerging Markets fund managed by Jonathan Asante,” says Hodgson. “But we are at an early stage in that process.” He adds that George Luckraft is currently managing a long/short equity “paper portfolio”, with a view to launching a fund. Robert Burdett, co-manager of the Credit Suisse Portfolio Service, says the appointment of Lodwick fits the traditional role of the chief investment officer at Framlington as a senior investment manager: “Framlington has always had ex-fund managers as CIOs before.” Fund strategists are generally in favour of the UK desk at Framlington, highlighting in particular the UK Smaller Companies, Equity Income and UK Select Opportunities funds.