Following the closure of several regional equity desks earlier this year, one area SWIP intends to focus more attention on is multi-asset. Joanna Faith talks to Archie Struthers, director of investment solutions, about his plans to grow this side of the business.
Scottish Widows Investment Partnership (SWIP) hit the headlines earlier this year with the news it was shutting down a string of regional investment desks. In what the firm labelled a "repositioning of its £54bn equities business", the asset management arm of Lloyds Banking Group overhauled its equities team to focus more on global and specialist investments with the loss of 23 investment roles. Although official redundancies have yet to be announced, the confirmed departure of head of UK equities Peter Cockburn caused a stir in the industry, as did the fact a number of SWIP stars were l...
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