Baring Asset Management has changed the name of its UK retail team to prevent confusion over who it is selling to.
The team, which was formerly known as the UK retail distribution team, is now called the UK wholesale distribution team.
The move was carried out to show that its products are distributed through advisers and platforms, instead of being bought directly by the end investor.
In reflection of the changes, Rodney Aldridge has been named as head of UK wholesale distribution at the firm. The UK wholesale team has seven people working within it.