SWIP plays down Urch exit impact

The firm says its current managers plus new recruits such as James Clunie will ensure the loss of Urch, who has decided to leave to pursue “other industry opportunities”, is not felt as sharply as it might have otherwise been. Since joining SWIP as investment director in December 2003, Urch has been a huge success having returned top quartile performance on the £90m SWIP UK opportunities and the £734m Scottish Widows UK select growth funds – both in the IMA UK All Companies sector - over the past three years. Peter Cockburn is set to take over the two funds from Urch, who will continue w...