Insight Investment has announced the departure of chief investment officer Michael Deakin and a raft...
Insight Investment has announced the departure of chief investment officer Michael Deakin and a raft of other personnel changes to match its new "investment platform".
The platform includes a new business unit, Financial Solutions, which the company says will to a large extent focus on absolute returns demanded by retail investors compared to the traditional benchmarking methods used to calculate performances.
Financial Solutions will sit alongside multi-manager, fixed income, insurance and property investment units as part of the whole Insight package.
Deakin's departure means the elevation of Abdallah Nauphal to the role of CIO, with Alan Denholm appointed deputy CIO.
Andrew Giles is appointed managing director of Financial Solutions and Bill Clarke becomes head of insurance product, reporting to Nauphal.
Charles Hunter, head of property investment management, and Nigel Whittingham, head of multi-manager business, will report to deputy chief executive Gary Mairs.
The changes are expected to firm up the changes made since Insight, part of the HBOS group, took over Rothschild Asset Management.
Insight chief executive Douglas Ferrans says the changes will move the firm "to a world of absolute returns, and, in the case of pension fund clients, liability matching."
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