View more on these topics

SWIP ditches head of international equities

Scottish Widows Investment Partnership has sacked head of international equities Tim Scholefield, who oversaw funds worth 6.8bn.

Emerging markets head Kim Catechis enjoys an effective promotion as a result of the move.

The firm is thought to be disappointed with the performance of its international operations, particularly in its global equities funds. Scholefield has lagged behind the global growth index posting a loss of 19.9 per cent over five years against a sector rise of 0.3 per cent over the period in his 32m global fund.

Catechis, who has been with the firm for ten years, has beaten the global emerging markets index by five per cent over the last five years, returning 97.4 per cent against a sector average of 92.7 per cent to January 16, 2006.

SWIP 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 into chief investment officer Graham Wood. This will change the role of international equities within the group and Tim is leaving as a result.”


Recommended

Code comfort

The history of conformity to codes of conduct is gener-ally not a good one. I well remember the struggles that the OFT had with codes for a variety of industries. The conclusion reached a few years ago was that, to a large extent, the work was wasted because, once the code was approved, there was insufficient application within the industries or firms concerned.

Cheap but not cheerful

Recommending critical-illness cover on the basis of price means that clients are missing out on some useful features and benefits, says CBK principal Peter Chadborn

Capita’s journey to the outsource

Outsourcing and technology company Capita has moved from almost no presence in financial services a few years ago to a very significant position.

Guide

Guide: what you need to consider for your auto-enrolment project

In this guide, Johnson Fleming reveals what items you need to understand to gauge the impact of auto-enrolment on your business. The guide focuses on: the impact that your auto-enrolment scheme will have on you; assessing your workforce; understanding your staging date; reviewing your current provision; and modelling contribution levels and costs.

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment