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Reshuffle at Insight

Insight Investment Management has finished its restructuring programme after the acquisition of Rothschild Asset Management.

The changes coincide with the departure of chief investment officer Michael Deakin who is retiring from Insight after 30 years with HBOS. Abdallah Nauphal will replace him and Alan Denholm has been appointed deputy chief investment officer.

Nauphal will remain managing director of Insight&#39s fixed-income business and Adrian Grey will support him as deputy managing director. Bill Clark has been appointed to the new role of head of insurance product.

The property investment management team will report as a separate business unit to deputy chief executive Gary Mairs.

Insight believes the fall in equity markets and bond yields has lead to a much greater focus on liability management in the institutional market and on absolute return products among retail investors. In response to this shift the group has adapted its investment platform to offer a wider range of absolute return products.

Chief executive Douglas Ferrans says: “Michael Deakin has made a major and valuable contribution to what Insight is today during almost 30 years in the business. Having lead the major transition and implemented some excellent succession plann-ing he has decided to step back from the coalface and take on other investment challenges. HBOS will indeed continue to make use of Michael&#39s technical skills and investment knowledge.”

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