Britannic revamps team

Britannic Asset Management has restructured its pan-European investment team following recent underperformance. Peter Reid, already chief investment officer at Britannic, will take on the role of head of UK equities. Until now Margaret MacLaren has been director of pan-European equities with specific UK investment responsibilities. MacLaren will now take a more active interest in investment in continental Europe. Reid said the changes were necessary to get performance back on track. Both Britannic Balanced Growth and Britannic UK General are frAA rated, but have underperformed their pee...