View more on these topics

Swip CEO leaves as Aberdeen restructures investment division

Four senior members of Scottish Widows Investment Partnership will leave following the acquisition by Aberdeen Asset Management.

Swip chief executive Dean Buckley, global equity director Will Low, fixed income director Mark Connolly and real estate director Lynda Shillaw are to leave the company. The firm was acquired by Aberdeen last month in a deal worth £550m.

Aberdeen chief executive Martin Gilbert says: “Dean, Lynda, Mark and Will all made significant contributions to the Swip business and helped ensure it was in the best possible shape as the acquisition completed. I thank them for their professionalism throughout this process and wish them all the very best for the future.”

Aberdeen has also unveiled a number of changes to its investment division following the Swip acquisition.

Its alternatives business, previously part of Aberdeen Solutions, will become a standalone unit. Andrew McCaffery will continue to lead the business as head of alternatives, with responsibility for all alternatives globally including hedge funds, private equity, infrastructure and property multi-manager.

Swip managing director of investment solutions Archie Struthers will now lead Aberdeen Solutions, an independent open-architecture business.

A new quantitative investments unit has been formed to focus on market cap passive equity portfolios, led by Swip director of quantitative investments Sean Phayre.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com