Alliance Trust has appointed two new non-executive directors, including former chief executive of Ignis Asset Management Chris Samuel.
Standard Life Investments (SLI) has confirmed it is set to merge away 11 former Ignis mandates which duplicate existing SLI strategies.
Old Mutual Global Investors (OMGI) has hired former Ignis manager Russ Oxley to lead a newly-appointed fixed income absolute return team.
Ignis Absolute Return Government Bond fund manager Ross Oxley and two members of his team are to exit the business following its £390m takeover by Standard Life, Investment Week understands.
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.
Operating profits at Phoenix Group increased to £266m in the first half of the year compared to £186m for the same period in 2013, latest results show.
Ignis Asset Management chief executive Chris Samuel is to exit the business next week when the takeover by Standard Life Investments completes, PA's sister title Investment Week understands.
Standard Life Investments (SLI) has agreed a £390m deal to acquire Ignis Asset Management from Phoenix Group.
Standard Life has tabled a reported £400m bid for Ignis Asset Management.