Standard Life Investments has hired Archie Struthers as head of investments, replacing Bill Lambert who retires after 27 years in the industry.
Struthers (pictured) will join SLI from Aberdeen Asset Management where he worked as global head of investment solutions and will start at SLI on 9 January, reporting to chief investment officer Rod Paris.
His role will involve responsibility for investment governance, the investment operating platform, MyFolio and derivatives counter-party management.
Lambert, who worked as head of investment process and director of investment governance, will be retiring on 31 March 2017 following 13 years at SLI and will work with Struthers to ensure a smooth transition.
Prior to joining SLI, Lambert worked at Ignis Asset Management and Martin Currie.
Paris said: "Archie has a blend of direct investment experience and client relationship management, across geographies, asset classes and investment channels, which will equip him well for this broad investment management leadership role.
"His expertise from working in a multi-asset solutions role over the past 15 years is also an ideal fit for SLI, as a market leader in multi-asset investing and investment solutions.
"I would like to thank Bill for his leadership and guidance in this important area of our business and for his significant contribution to SLI, where he has played a major role helping to build a robust governance and investment management framework. I wish him a very long and happy retirement."
Despite improved risk appetite
FOS award limit increase
Relates to 136 million transaction reports
Ceremony will take place 13 November