Scottish Widows Investment Partnership (SWIP) is to restructure its UK team with three heads of desk...
Scottish Widows Investment Partnership (SWIP) is to restructure its UK team with three heads of desk in an effort to boost fund performance.
Instead of having one head of UK equities, the company will now have a head of UK retail, institutional and life.
Graham Campbell, former head of UK equities at Edinburgh, will join as head of UK retail, while Tony Foster, who joined late last year after 12 years at Baillie Gifford, becomes head of UK institutional. David Erksine, from rival Standard Life, will head the UK life arm and also be responsible for research.
Alan Denholm, who has been the acting head of UK equities for Scottish Widows since the merger of Hill Samuel in July, will return to his role as head of US equities.
Sandy Nairn, SWIP chief investment officer, said he had been asked what he was going to do about recent criticism of the performance of some UK funds and added that the restructuring of the team was part of the answer.
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