Mercury Asset Management chairman Hugh Stevenson will leave the company this week to become chairman-designate of Equitas, the group established by Lloyd's of London to reinsure £8 billion ($13.3 billion) in losses the insurance market suffered prior to 1992. Stevenson became Mercury's chairman in 1992 after 22 years with SG Warburg and led the firm into the £3 billion ($5 billion) merger with Merrill Lynch last year.

Gerald Lieberman is resigning as Fidelity Investments chief financial

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