Investec hit by loss of key managing director

Investec Asset Management has lost its managing director of UK and European retail fund business, Jamie MacLeod. MacLeod, who has been with the group for two and a half years, joined Investec from Scottish Widows in 1999 and has been instrumental in bringing a number of highly rated managers to the group. These included Paul Griffiths, Investec's head of fixed interest, and bond fund manager Michael Markham. He also orchestrated Investec's outsourcing deal of its European fund to Albert Morillo at BlackRock and rationalised the group's on and offshore fund range. This included the l...