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Six fund managers exit Aberdeen Standard in reshuffle

The restructure follows the mega-merger between Standard Life and Aberdeen Asset Management last year.

 
Six fund managers exit Aberdeen Standard in reshuffle
 

Six fund managers have left Aberdeen Standard Investments following a major restructure of its equity unit. 

Three of the managers are within the firm's global equity team, including Standard Life Global Equity Income fund manager Kevin Troup and co-manager Ross Mathison. 

Troup has been with Standard Life for almost eight years, joining the business from Martin Currie Investment Management. Mathison, who joined Standard Life in September 2009, has served in various roles at Standard Life including investment analyst and investment director.

Jamie Ramos Martin, manager of the Standard Life Investments North American  fund, is the third global manager to leave the business. 

Aberdeen Standard has also restructured its UK equity team, with three fund managers leaving, including Standard Lide Investments UK Equity High Income manager Karen McKellar (previously Robertson, pictured), who is retiring from fund management.

The restructure finally completes the integration of the fund giant's equity division following the merger of Standard Life and Aberdeen Asset Management.

In a statement the firm said it has now been able to remove Chinese walls, with equity teams from Standard Life and Aberdeen now able to work together.

Aberdeen Standard has set up a leadership team with representation from both firms, supported by three new senior roles covering research, operations and business strategy. The fund group said this would allow portfolio managers to focus solely on investment.

Aberdeen Standard said there had been ‘significant investment’ in its equity division to make the integration work. 

This includes introducing a common risk system to ensure consistency of portfolios and risk assessment, with on-desk quantitative support to provide deeper analytics and more investment in environmental, social and governance (ESG) capabilities.

The fund group added that for the majority of strategies from both firms, the core team and investment approach remained in place.

Devan Kaloo (pictured), global head of equities, said: ‘The integration has been an opportunity to invest in our people and the tools that we believe will help our managers deliver.

‘We have also been able to provide significant continuity in terms of how mandates are managed.

‘We now have one of the deepest pools of talented investment professionals in the market, equipped with the tools and systems to meet the needs of our clients.’

1 comment so far. Why not have your say?

Franco

Apr 17, 2018 at 22:53

Let us then hope the Aberdeen funds will again rise from their ashes.

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