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McLatchie to be MD at Aegon

Aegon Asset Management is set to appoint Colin McLatchie as its new managing director, replacing current boss Russell Hogan.

McLatchie is chief operating officer at AAM and is thought to have won over Aegon bosses ahead of external candidates for the role.

Hogan is stepping down as managing director in January to take up a theology course in Glasgow. He will be staying on with Aegon to work in a part-time advisory capacity.

McLatchie joined what was then called Scottish Equitable Asset Management in January 1999 from US-based Pan Agora Asset Management. He is known for his forthright management style.

ScotEq Asset Management was rebranded Aegon Asset Management at the start of the year and has around £34bn funds under management.

The company scored a coup over Edinburgh rival Standard Life this year with the appointment of Standard&#39s head of UK equities Wendy Hay as chief investment officer.

Aegon is setting up a new investment company next year which is expected to offer Isas and unit trusts direct.


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Quester – Quester VCT

Tuesday, October 30, 2001.Aim: Income and growth by investing in unquoted companies.Minimum investment: Lump sum £3,000.Opening-closing date: September 26, 2001-until further notice. Charges: Annual 2.5 per cent.Commission: Initial 3 per cent.Tel: 020 7227 3358.

Mortgage Next targets £2bn business for 2001

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Yorkshire Fund Managers – British Smaller Technology Companies VCT 2

Friday, November 2, 2001.Aim: Growth by investing in small UK technology companies.Minimum investment: £3,000.Opening-closing date: November 2, 2001-May 31, 2002.Charges: Initial 4.75 per cent, annual 2.5 per cent.Commission: Initial 3 per cent or initial 2 per cent, renewal 0.375 percent.Tel: 0800 854057.


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