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Wagstaff quits SIG for Henderson

Phil Wagstaff has quit Skandia Investment Group to join Henderson Global Investors as global head of distribution.

Wagstaff, who was the former global head of distribution at Gartmore, was appointed by SIG in October as chief executive and has been in the role for only two weeks.

Henderson acquired Gartmore earlier this year for £335m, at the time it was announced that Wagstaff would not be joining the firm.

In addition to Gartmore, Wagstaff has also worked at the likes of New Star and M&G in his 25 years in the investment industry. His role will see him head the retail, institutional and hedge fund distribution teams on a global scale.

SIG has confirmed that Paul Feeney will replace Wagstaff as chief executive of SIG. Old Mutual, the parent group of SIG, appointed the former BNY Mellon Asset Management head of distribution as chief executive of asset management for the long-term savings division in October. He starts his new role in January.

Henderson chief executive Andrew Formica says: “Our strategy centres on our clients who are already benefiting from our investments in our distribution efforts. I am proud of what the team has achieved following our recent acquisitions. I am confident we can take a significant leap forward with the considerable experience and enthusiasm Phil brings to the team we have in place.”

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