SWIP head of European Equities Nigel Bolton and investment directors Vincent Devlin and Alistair Hibbert are leaving to join BlackRock.
The three have not set a date to leave SWIP but a source close to the moves says they will probably arrive at BlackRock in January.
They take with them investment analysts Zedhrid Osmani, Amy Henderson, Stefan Gries and product specialist Kathleen Dixon.
Steven Maxwell, currently investment director of European equities at SWIP, will take over Bolton's role following a reshuffle at the group. He will retain responsibility for all of SWIP’s institutional portfolios.
Investment directors Rory Hammerson and Kathleen Dewandeleer will take on responsibility for the pan-European retail funds including SWIP Pan European fund, SWIP Pan European SRI fund and the SWIP Pan European Smaller Companies fund.
Catie Wearmouth, investment director, will assume responsibility for SWIP’s continental European retail funds including Scottish Widows European Growth fund, Scottish Widows European Select Growth fund, SWIP European fund and SWIP European Real Estate fund.
SWIP says it has also changed its European fund strategy in the volatile economic climate. It says it has moved its holdings further up the market capitalisation scale and increased its exposure to more defensive areas.
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