Aberdeen's co-head of multi-manager Aidan Kearney (pictured) has left the business following an overhaul that has seen Swip's multi-manager team take over.Graham Duce, who ran the Aberdeen team alongside Kearney, will become head of the UK-based discretionary multi-asset team, leaving Swip's Mark Harries and Simon Wood to lead the multi-manager portfolios, joining their acquirer's offices in London.
Kearney and Duce joined Aberdeen in 2009 following the purchase of the Credit Suisse multi-manager range.
Several managers have left following the £550 million acquisition, which completed at the end of the first quarter. Scott Spencer, who also joined the multi manager team with the Credit Suisse acquisition, left Aberdeen in April to join F&C, while the majority of the Swip global equity team left last month.
'By combining the two legacy teams, we now have one of the most experienced and well resourced in the industry with over 60 investment professionals developing and delivering innovative solutions for our clients,' Archie Struthers, global head of investment solutions,said.
He added: 'The expanded manager selection team, led by Mark Harries, is one of the largest in the industry and invests over £15 billion in third party funds. The team oversees the research, selection and on-going due diligence using an open architecture methodology. The team working closely with colleagues elsewhere within Investment Solutions are well placed to continue to manage dedicated multi-manager portfolios as well as contribute to broader multi-asset mandates.
'Aidan made a significant contribution to Aberdeen’s multi-manager business since joining from Credit Suisse in 2009. I would like to thank him for his professionalism over the past few months and wish him all the best for the future.'