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MacLeod to head Skandia&#39s UK Oeic business

Former Investec managing director Jamie MacLeod has resurfaced as MD of Skandia Investment Services.

The role will see MacLeod head Skandia&#39s UK Oeic business which has £450m under management. Skandia says MacLeod, 34, will help drive its multi-manager proposition which it claims to have pioneered in the UK.

After his sudden departure from Investec three months ago, MacLeod said he quit to spend more time with his family.

He will report to investment director Jim Roberts and take a place on the investment committee which Skandia says is its main decision-making body responsible for hiring and firing fund managers.

Skandia Life managing director Alan Wilson says: “Jamie&#39s excellent reputation and industry experience mean he is well positioned to help us develop our leading multi-manager proposition still further.”

Chartwell Investment associate director Patrick Connolly says: “This will be a difficult job as Skandia appears to have lost its way, perhaps because of their higher charges. They have not been out there promoting their products so I can see why they would want to bring in some new blood like Jamie, who is a known name.”

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