Baring Asset Management head of equities David Kiddie has resigned from the group to become chief investment officer equities at ABN AMRO Asset Management.
He will be replaced by head of global equities Tim Scholefield who joined recently from SWIP where he headed up international equities.
Kiddie is expected to join the group early in 2007.
He replaces current CIO equities Kevin Smith who is stepping down to care full time time for his seven year old son who was born with an incurable disease.
Kiddie joined Barings from Insight in December 2003 where he was retail CIO, and has made a number of key hires to bolster the group’s fund management structure.
Chelsea Financial Services managing director Darius McDermott says: “We are disappointed to see him go. He has improved their equity proposition hugely.”
A Barings spokeswoman says: “We appreciate everything David has done and he leaves with our best wishes.”