Gary Mairs is to head up three divisions at Insight Investment, in a management restructuring which ...
Gary Mairs is to head up three divisions at Insight Investment, in a management restructuring which comes just days after the announced Rothschild acquisition.
Douglas Ferrans, chief executive at Insight, has confirmed the new structure for the combined teams will be a mixture of Insight and RAM staff to cope with the enlarged business once the deal is complete.
Executive and non-executive directors of the Insight board will remain unchanged.
However, Gary Mairs, current managing director of Insight, will become deputy chief executive and chief financial officer responsible for three business units, each headed by a managing director.
He'll also be responsible for corporate financing and product management, strategic development and corporate communications.
David Norman - previous Insight marketing director - will be md of retail business, while Mark Connolly - RAM's head of institutional business - will become md for institutional business.
A third md has yet to be appointed for the combined multi-manager business, which is expected to be built around RAM's fund of funds team an Insight's "alternative investment" team.
Chief investment officer Michael Deakin continues to have responsibility for fixed income, cash, equities and property fund management, but he will also have four deputies to look after each investment sector.
Abdallah Nauphal - RAM's fixed income cio - will become managing director of Insight's fixed income business, while David Kiddie - RAM equities cio - will be Insight's retail cio.
Alan Denholm will maintain his existing role at Insight as institutional cio but will take on joint responsibility with David Kiddie to lead the combined group's equities proposition.
And Charles Hunter will continue as head of Insight's property management.
Atul Manek - head of operations and IT at RAM - will also become director of investment operations, reporting to coo Keith Lovett.
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