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UK and Europe fund MD MacLeod quits Investec

Investec Asset Management UK and European funds business managing director Jamie MacLeod has stunned the firm by resigning after two years in the role.

MacLeod joined Investec in late 1999 after nine years with Scottish Widows Fund Management and made an immediate impact by raising the firm&#39s profile in the UK and streamlining its range.

He was involved in the outsourcing deal which saw star manager Albert Morillo of Blackrock run Investec&#39s European portfolio trust.

MacLeod has left to pursue “a new challenge”, fuelling speculation he has signed on with a boutique or hedge fund specialist. He says: “The market is changing and I need a new challenge.”

Investec chief executive Hendrik du Toit says: “Jamie played an important role in establishing our funds business in the UK. We appreciate Jamie&#39s contribution and wish him well for the future.”

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