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Skandia Investment Group makes senior redundancy

Skandia Investment Group has made its head of open-architecture Steve Kowal redundant, Money Marketing can reveal.

It is believed the Kowal’s departure is one of three on the open-architecture team.

Money Marketing understands that up to 20 fund groups were told of the restructuring earlier this week.

The news comes only three month’s after the abrupt departure of Skandia Investment Group founder Jamie Macleod. Macleod was succeeded by Nils Bolmstrand who has been with SIG since its launch in October 2007

Earlier today, Money Marketing revealed that Skandia UK’s chief operating officer John Tomlins, finance director Simon Lloyd and director and head of IT Tim Mann are all leaving the company.

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