Widows rebuilds property division

The asset management house, which has seen its total funds under management top the £100bn mark in recent months for the first time, is restructuring its operations to support expansion plans. Already, four new investment director positions have been created and further fund manager appointments are on the cards. Fund manager Michael Cunningham is the major departure during the restructure, standing down as manager of the firm’s £406m UK Balanced Property trust. Cunningham will leave SWIP on February 9 when he will hand responsibility of the trust to colleague Darryl Tidd. Cu...