Skandia Investment Group head of UK sales Andrew Blair has quit to join Mirabaud Investment Management as joint sales and marketing director.
Last week, Moneymarketing.co.uk revealed that Blair is leaving in the autumn. Skandia says it is looking for a replacement.
MIM is the UK investment boutique arm of Swiss private bank Mirabaud. It operates in the institutional investment management business, working primarily for pension funds. It provides fund management services in UK and European equities over core and high-alpha strategies.
Skandia Investment Group chief sales and marketing officer Rob Williams says: “It is always disappointing to lose an individual but we do have an experienced UK sales team whose members will be able to help drive forward our business while we find a successor. Andrew has made a great contribution and we wish him well for the future.”
A Mirabaud spokesman says the boutique is looking to recruit another sales and marketing director to work alongside Blair. He says: “This appointment forms part of Mirabaud’s initiative to build a strong UK and continental European business. Further details will be announced in due course.”
Hargreaves Lansdown investment manager Ben Yearsley says: “Mirabaud is a small boutique that is not widely known, so having someone of Blair’s standing is a decent addition to the team and will help it achieve wider recognition.”