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Chris Phillips dies after mountain trek

Chris Phillips, the former head of Scottish Widows’ Investment Partnership has died after becoming trapped on a mountain in freezing conditions while walking the route of a historic Spanish pilgrimage.

Phillips, aged 50, had been walking the pilgrims’ route to Santiago de Compostela. He died from hypothermia last week after heavy snow and strong winds forced him to spend the night in the Pyrenees.

He was due to take over as chief executive of Morley Fund Management, the UK investment arm of Aviva, in the summer and was on a five-week holiday after leaving Swip in January.

He was a former policy adviser to the Social Democratic Party and entered the financial services industry in 1983.

He started at Morgan Grenfell in 1983, becoming chief executive of Royal London in 2000 before joining Swip in 2003. He leaves a widow, Elizabeth.

Scottish Widows chief executive Archie Kane says: “This is a very sad day for all at Scottish Widows. Chris was hugely respected across the industry and deeply liked by all his colleagues. He played a significant part in re-establishing Swip as a leading player in the competitive asset management sector and he will be greatly missed by all who knew him.

“Our thoughts and sympathies are extended to his wife Liz and family.”

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