Skandia pools MM business for company launch

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SKANDIA has merged its three investment management businesses into a single company, Skandia Investment Group (SIG).

The firm has wrapped up Skandia Global Funds, Skandia Fonder, and Skandia Investment Management into SIG as part of its drive to realise its goals. SIG, which will manage combined assets of £60bn across a variety of multi-manager and open architecture investment solutions, will be run by newly appointed chief executive, Jamie MacLeod. Under MacLeod, SIG will handle the manufacture and delivery of investment propositions on behalf of Skandia's three core market facing businesses, consisting of Skandia Europe & Latin America, Skandia Nordic, and Skandia UK & Offshore. Macleo...

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