Standard Life Investments has cut fund manager jobs across 15 Ignis equity funds after handing the portfolios to its own managers following its takeover of the group.
Notable exits include UK Equity Income manager Graham Ashby, Global Emerging Markets Equity manager Mark Julio, and Balanced Growth manager Ralph Brook-Fox. A spokesperson said: “There is no requirement for the Ignis equity team to migrate to Standard Life Investments given the level of investment expertise and experience that already exists within Standard Life Investments’ equity team.” The firm confirmed the equity funds, with assets under management of more than £11bn, were transferred on 26 August. Standard Life Investments head of equities David Cumming (pictured), said: “Des...
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