Swip's Hammerson to depart group

Hammerson was an investment Director on the European equities team and also managed the firm's European Sicav. Kathleen Dewandeleer and Catie Wearmouth will take over reins of the Pan European Smaller Companies fund. In response, OBSR has suspended the fund's A Rating. Swip head of European equities Steven Maxwell will take over responsibility of the two Oeic funds while he undertakes a review of the management structure.