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Horlick set for move

Nicola Horlick, the high-profile former chief executive of SG Asset Management, is believed to be leaving to run a fund management business in Hong Kong for Australian insurer AMP.

Horlick, who announced in July she was stepping down as chief executive to become a special adviser to SGAM Group president Philippe Collas, is thought to be taking over AMP&#39s Far East fund management business. This could include its Australian business, which is undergoing an extensive restructuring.

Horlick, 42, is believed to have wanted to work abroad for some time after spending more than 20 years in the City. It is unclear whether she has been offered the AMP job, with several candidates.

There is also the matter of Horlick&#39s lock-in deal with SGAM, under which she is entitled to a £6m payout in June 2004. It is believed there is another deal if she remains with the company until 2009. It is unclear what would happen to these arrangements.

Neither group was prepared to comment.

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