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Swip four exit as Aberdeen restructures investment division

by Eleanor Lawrie on Apr 28, 2014 at 10:23

Swip four exit as Aberdeen restructures investment division

Aberdeen has realigned its investment division following the acquisition of Scottish Widows Investment Partnership (Swip).

As part of the restructure, Swip chief executive Dean Buckley, real estate director Lynda Shillaw, fixed income director Mark Connolly, and global equity director Will Low have all left the business.

Within Aberdeen, the Solutions team will be separated from Alternatives and led by Archie Struthers, who was managing director of investment solutions at Swip.

Aberdeen's Alternatives offering will be headed by Andrew McCaffery, who has responsibility for all alternatives globally,including hedge funds, private equity, infrastructure and property multi-manager. The joint venture Aberdeen SVG will remain separate.

Meanwhile, Sean Phayre, ex-director of quantitative investments at Swip, will lead a new Quantitative Investments unit, focusing predominantly on market cap passive equity portfolios.

McCaffery, Struthers and Phayre will be members of Aberdeen’s Group Management Board (GMB).

Aberdeen’s active equities, fixed income and property arms continue to be led by Hugh Young, Brad Crombie and Pertti Vanhanen respectively, while Mandy Pike, Aberdeen’s global head of dealing, has also joined the GMB.

Aberdeen chief executive Martin Gilbert (pictured) said: ''The creation and enlargement of these units further emphasises the breadth of Aberdeen’s investment capabilities. Alternatives, investment solutions and quant equity can all play important roles in delivering a diversified range of returns to clients.

'These units together with Aberdeen’s strengths in active equities and fixed income mean we are well placed to continue to meet the needs of our investor base around the world.'

He added: 'Dean, Lynda, Mark and Will all made significant contributions to the Swip business and helped ensure it was in the best possible shape as the acquisition completed. I would like to thank them for their professionalism throughout this process and wish them all the very best for the future.'


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