Wealth Manager - the site for professional investment managers

Register to get unlimited access to Citywire’s fund manager database. Registration is free and only takes a minute.

Wealth Manager Top 100 star swaps BestInvest for Standard Life

Wealth Manager Top 100 star swaps BestInvest for Standard Life

Bestinvest senior fund researcher Mark Lane has left to take up a post with Standard Life Investments.

Mark Lane, who featured in Wealth Manager’s recent Top 100 in fund selection, is expected to team up with fund of funds head Bambos Hambi and former cover star Jason Day in his new role.

Lane (pictured) joined Bestinvest straight from Trinity College, Dublin, on the day Lehmans went bankrupt in September 2008. He formerly covered fund selection in the UK Income, European, Japanese and commodities sectors.

He was also responsible for the firm’s structured product selection, primarily used by its discretionary fund managers. The news comes at interesting points in the evolution of both Bestinvest and Standard Life’s businesses. 

Last month, 3i sold its majority stake in Bestinvest to private equity firm Permira, which Wealth Manager last week revealed was also on the verge of acquiring Tilney from Deutsche Asset & Wealth Management. Meanwhile, Standard Life is merging its wealth and investment units under SLI chief executive Keith Skeoch.

While Bestinvest confrimed Lane's departure, Standard Life declined to comment.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Bambos Hambi
Bambos Hambi
61/120 in Mixed Assets - Aggressive GBP (Performance over 3 years) Average Total Return: 19.24%
Citywire TV
Play HSBC's Stephen King warns of 'enormous' Brexit deficit danger

HSBC's Stephen King warns of 'enormous' Brexit deficit danger

Brexit will weaken the economy, fail to boost exports and lessen the country's ability to fund its 'enormous' deficit, according to HSBC's senior economic adviser Stephen King.

Play Premier's Smith: electricity and water can be a good mix

Premier's Smith: electricity and water can be a good mix

Exposing your person to electricity and water simultaneously is ill-advised, but what about your portfolio?

Play Citywire 10k: video highlights

Citywire 10k: video highlights

Citywire held its sixth annual charity run last week, which hosted over 200 people and raised £14,000. Here are the video highlights.

Your Business: Cover Star Club

Profile: how to control your destiny in an age of regulation

Profile: how to control your destiny in an age of regulation

‘RDR was good news to us because it aligned our practices with the industry,’ says Courtiers boss Jamie Shepperd

Wealth Manager on Twitter