Aschourt Rowan has hired Standard Life Investments' (SLI) Alan Scrimger to head its fund research team.
Scrimger is the latest addition to the wealth manager’s now eight strong research team that has been built up over the last year and he will also be a member of its central investment team, reporting into chief investment officer Toni Meadows.
In his previous role as head of multi-manager research at SLI, where he worked alongside Bambos Hambi, Scrimger created its MyFolio fund of funds range, which was attracted over £1 billion of assets since launch in 2010. Prior to that, he was head of portfolio construction at Ermitage.
David Esfandi, managing director of Ashcourt Rowan Asset Management, said: ‘The business has been working hard to strengthen its investment team and capability, putting in place a modern market leading proposition designed to deliver the very best solutions for clients.’
‘Alan is another important part of this strengthening process, bringing to the wealth of experience and expertise built up over many years working at some of the most successful and respected organisations in the industry.’
It has been an eventful 12 months for Ashcourt Rowan since Jonathan Polin took the reins as chief executive. Polin (pictured) led an overhaul of its senior management team last December, brought in Skandia Investment Group founder Jim Roberts as a non-executive director in January with Meadows joining in April as CIO. It teamed up with Cofunds in May to create an adviser platform proposition and offloaded a team of six investment managers from its Savoy Investment business to Walker Crips in a £425,000 deal in June.