Dudley quits post at Scottish Widows

Orie Dudley's resignation as chief executive and acting chief investment officer of Scottish Widows Investment Partnership comes only a few months after the integration of Hill Samuel Asset Management and the loss of £1.89bn in pension fund business. Dudley officially resigned from the group at the end of July after he told journalists that LloydsTSB could pull out of the asset management. The comment prompted an immediate reaction from Mike Ross, chief executive of Scottish Widows, who backed Dudley but said LloydsTSB was 100% committed to fund management. Dudley's departure allows him ...