Fund managers go in Aegon equity team shakeout - papers 12th March

Professional Adviser
clock

Aegon Asset Management is dismantling its equity team and effectively clearing out 13 members of staff, says this morning's Scotsman.

Having only created the teams two years ago, the life office says its equity funds are underperforming so two fund managers and 10 analysts have been asked to leave with immediate effect, followed by Wendy Hay later this summer when she goes on maternity leave. Separate analyst and fund management groups are being abandoned in favour of three new teams says the Scotsman - the mainstream UK, headed by Tom Copland, mainstream international by Mark Peden and Stephen Adams on the tactical UK desks. A tactical international manager is still to be appointed, however, ceo Colin McLatchie say...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Brooks Macdonald becomes BAFTA wealth management partner

Brooks Macdonald becomes BAFTA wealth management partner

Partnership starts in 2026

Jen Frost
clock 08 December 2025 • 1 min read
As Reeves scrabbles for Budget funds, is she missing a Covid furlough trick?

As Reeves scrabbles for Budget funds, is she missing a Covid furlough trick?

Creativity key as chancellor faces tough tax and spending choices

Jen Frost
clock 21 November 2025 • 8 min read
Titan Wealth inks Harlequins partnership

Titan Wealth inks Harlequins partnership

Becomes wealth management and women’s partner

Jen Frost
clock 03 October 2025 • 2 min read