In LAST week's issue (15 September 1998), City editor Robert Lindsay reports that Lawrence Graham has boosted its investment management arm with the recruitment of City banker James Sageman.

We would like to clarify that as chairman of Lawrence Graham Investment Management Services, Tim Thornton-Jones will remain the partner in overall charge of investment management, while James Sageman takes on responsibility for the day-to-day operation of the team.

Nicole Maley, Lawrence Graham