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Kiddie quits Barings for ABN Amro role

David Kiddie has unexpectedly left Barings, where he was head of global equities, to take over as chief investment officer at ABN Amro Asset Management.

Barings fund manager Tim Scholefield will step up to replace Kiddie just six weeks after joining the fund company. Scholefield will continue to run the £28m global growth fund.

Kiddie joined Barings from Insight in 2003 and previously worked at Rothschild Asset Management. At Barings, he oversaw the rebuilding of its equity offering after a string of high-profile departures including Richard Buxton to Schroders. The group later lost its emerging markets desk to Resolution in April.

He replaces Kevin Smith, who is departing for family reasons.

ABN Amro chief executive Sarah Russell says: “Kevin leaves an excellent platform for further growth and we are delighted to have recruited someone of the calibre of David Kiddie to build on the progress started by Kevin.”

Chelsea Financial Services managing director Darius McDermott says: “We are disappointed to see him go. The group’s equity offering has improved massively during his tenure.”

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