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Skandia launches multi-manager business

Skandia is launching Skandia Investment Group which it claims will be one of the world’s largest multi-manager investment businesses.

It will manage combined assets of around £60bn across a variety of multi-manager and open architecture investments and will operate in three markets; Skandia Europe & Latin America, Skandia Nordic and Skandia UK & Offshore.

The investments within SIG will include multi-manager portfolios, research selected funds, structured products and open architecture fund platforms.

Jamie MacLeod has been appointed as CEO of SIG and will report directly into Julian Roberts, CEO of the Skandia Group and Old Mutual Director for Europe.

MacLeod will also retain his current position of CEO of Skandia Investment Management in the UK as well as the UK’s Asset Management Division.

Skandia Group chief executive officer Julian Roberts: “Through the launch of SIG, we are taking a significant step forward towards realising our brand promise of ‘enabling intelligent investment choice.’ A dedicated global investment function delivering leading, innovative investment solutions and practice on behalf of Skandia’s local businesses is great news for customers, distributors, staff and shareholders. I am confident that this reinforces the leading position of Skandia as a global MultiManager and open architecture investment provider.”

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