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Scholefield leaves Swip

Scottish Widows Investment Partnership has parted company with its head of inter- national equities, Tim Scholefield, who oversaw funds worth 6.8bn.

The firm is understood to be disappointed with the performance of its international equities team, particularly across its global equities funds.

Swip has lagged behind the global growth sector, with its 32m global fund posting a loss of 19.9 per cent over five years against a peer group rise of 0.3 per cent.

Emerging markets head and Swip emerging markets fund manager Kim Catechis takes the reins from Scholefield. Catechis, has been with the firm for 10 years and has beaten the global emerging markets sector average by 5 per cent over the last five years, returning 97.4 per cent against an average return of 92.7 per cent.

Head of UK distribution Simon Wombwell says: “We are focusing on developing new business in our global emerging markets team, which will now report directly to chief investment officer Graham Wood. This will change the role of international equities within the group, and Tim is leaving as a result.”


AMI appoints associate director

The Association of Mortgage Intermediaries has today announced the appointment of Rob Griffiths as associate director. Griffiths, formerly editor at trade magazine Mortgage Introducer, will take responsibility for the day-to-day running of AMI, reporting directly to its director general Chris Cummings. AMI director general Chris Cummings says: Rob has in-depth knowledge of the mortgage market, […]

Tory fears over advice

Conservative MPs say that problems over the funding of advice and the regulatory framework of the NPSS need to be addressed if consensus is to be reached on pension reform. Speaking ahead of a Parliamentary debate on pensions, Tory Shadow minister for work and pensions Nigel Waterson says Turner’s recommendation for an advice-free NPSS model […]

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William Littlewood “betting that QE won’t work”

Journalist Alexis Xydias interviews Artemis manager William Littlewood about his views on bond, equity and currency markets and the impact of a Greek exit from the EU. With bond yields at “ludicrous” levels, William believes a tipping point for bond markets is sure to come. As a result, his Strategic Assets Fund holds government bond shorts to the tune of 100 per […]


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