Morningstar Investment Management, La Française AM, Redington, Union Investment, Kames CapitalMorningstar Investment Management – Clémence Dachicourt and Marina Jelesova have joined the Morningstar Investment Management group as senior investment consultant and portfolio manager, and investment consultant and portfolio manager, respectively. Before joining Morningstar, Dachicourt managed €400m of assets in traditional and alternative multi-asset funds for La Française AM. Additionally, Dachicourt held roles as senior hedge fund analyst for Lyxor Asset Management, portfolio manager and buy-side analyst for UBS, and equity portfolio manager for CDC Ixis AM. Jelesova joins from Redington, where she advised institutional investors in her role as asset liability management and investment strategy associate. She also served as a hedge fund analyst for BNP Paribas Investment Partners and credit portfolio manager for Credit Agricole CIB.Union Investment – Michael Schmidt, managing director and CIO for equities, is leaving the German fund management company at the end of this year. Schmidt took charge of Union’s equity portfolio management in 2009. He now intends to take a “career break” after 22 years in the financial services industry. Until a successor has been found, Björn Jesch, head of portfolio management, will take on Schmidt’s responsibilities alongside his own.Kames Capital – Fiona Hope has been appointed institutional client director. She joins from the charity LinkAble, where she was a trustee and voluntary fundraiser. Hope has more than 20 years’ financial services experience, including 18 years in client relationship roles for the likes of Deutsche Asset Management, JP Morgan Fleming Investment Management and Merrill Lynch Investment Management.