Six fund managers have left Aberdeen Standard Investments following a major restructure of its equity unit.
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.
Yesterday afternoon Wealth Manager revealed that ASI had restructured its UK equity team, with three fund managers leaving the team including Karen McKellar (previously Robertson), who is retiring from fund management.
Common risk systems
The restructure finally completes the integration of the fund giant's equity division following the merger between Standard Life and Aberdeen Asset Management, creating a fund giant co-headed by Martin Gilbert (pictured left) and Keith Skeoch (right).
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.
ASI has set up a leadership team with representation from both firms, supported by three new senior roles covering research, operations and business strategy. ASI said this will allow portfolio managers to focus solely on investment.
ASI said there has 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.
ASI added that for the majority of strategies from both firms, the core team and investment approach remain in place.
Following the integration, the teams will have more resources available and enhanced tools, which is the case for teams including Aberdeen Asset Management’s Global Emerging Markets, Asian and Global strategies and Standard Life Investments UK, European and Smaller Companies strategies.
Devan Kaloo (pictured), global head of equities at ASI, 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.’