Chris Phillips, the outgoing chief executive of Scottish Widows Investment Partnership, has died suddenly during a walking holiday in Spain.
Phillips died on 4 April, and although details of the incident are still being investigated by the Spanish authorities, it is believed the onset of poor weather conditions on the mountains where he was walking was a factor.
Archie Kane, chief executive of Scottish Widows, says: "This is a very sad day for all at Scottish Widows. Chris was hugely respected across the industry and deeply liked by all his colleagues.”
“He played a significant part in re-establishing SWIP as a leading player in the competitive asset management sector and he will be greatly missed by all who knew him. Our thoughts and sympathies are extended to his wife Liz and family.”
Phillips, who was aged just 50, joined SWIP in December 2003, replacing Bill Main, after three years as chief executive at Royal London Asset Management.
However Phillips, who was also head of the Association of British Insurer’s investment committee, announced in January his intention to leave SWIP and take over as chief executive of Morley Fund Management in the summer.
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£300bn of liabilities
View from the front row
Transfer from occupational scheme
Appointed by FCA and PSR boards