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Sowerby and Aird replace MacLeod at Investec

Investec Asset Management has appointed Andy Sowerby and David Aird as joint managing directors of its UK and European fund management business after the sudden departure of former MD Jamie MacLeod.

Sowerby, who was previously marketing director, and Aird, former UK and European sales director, take up the new roles with immediate effect.

They will share responsibility for the development of the company&#39s UK and European retail funds business reporting to chief executive Hendrik du Toit.

On a day-to-day basis Sowerby will continue to lead the marketing team, focusing on communications, broker support and customer relationship management while Aird will head UK and European sales campaigns.

Sowerby joined Investec in January 2000 from Scottish Widows Fund Management, while Aird joined in August 2000 from Gartmore.

Du Toit says: “We have built a high-calibre and dynamic young team, which has gone from strength to strength. Both Andy and David have been pivotal to that success and bring complementary skills to their new roles. We have exciting plans for the future and I have every confidence in Andy and David&#39s abilities to take the business forward.”


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IFAs confident of survival after depolarisation

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Alliance & Leicester says first time buyers driving housing market

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Tapering of annual allowance – adjusted and threshold income

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