St James's Place (SJP) has dropped Aberdeen Asset Management's Hugh Young from its Far East fund in a major overhaul of it restricted investment proposition.
The restricted advice group madates 65 external fund managers to run funds which its advisers can then recommend.
The vehicle will be rebranded as Asia Pacific fund when the pair assume control, with exposure to Japan reduced to allow for greater flexibility to invest across Asia.
Around 18 months ago First State closed all its global emerging market mandates to inflows, including to the SJP one. The switch to Henderson, which has more capacity, means the fund is once again open for business.
Asante has also lost the Worldwide Opportunities fund, which will be assumed by Jim Hamel of Artisan Partners.
Elsewhere SJP will transform its High Octane fund into a global smaller companies fund. This move will see manager Richard Oldfield of Oldfield Partners replaced by Kevin Beck of Denver-based Paradice Investment Management.
Meanwhile Babson Capital will lose the International Corporate Bond mandate. It will be replaced by the dual team of David Rosenberg of Los Angeles-based Oaktree Capital Management and Copenhagen-based Capital Four, led by Sandro Näf.
There was also good news for JO Hambro Capital, with AA-rated Ben Leyland picked to replace the Tweedy Browne team as one of the satellite managers on the Global Equity fund.
The overhaul was led by the investment committee fronted by chief investment officer Chris Ralph, alongside consultancy firm Stamford Associates.
'The three tenets of our investment management approach are, "Select, Monitor, Change", Ralph said.
'Alongside my colleagues on our investment committee, it is our responsibility to recommend changes to our range of funds and fund managers when we deem those changes necessary.
He added: 'The proposed changes announced today demonstrate our commitment to this task and we believe will provide our clients with increased potential to achieve their financial objectives over the long term.'
The restructure was complemented by the launch of Worldwide Income fund, which will be run by Investec Asset Management's Clyde Rossouw, who is based in Cape Town.
'Equity income is a proven investment strategy and, against the backdrop of low interest rates and low growth, represents an important part of our proposition to meet client demand for income-generating investments,' Ralph said.
Results from SJP released today showed the firm recorded net inflows of £2.9 billion in the first half, while assets under management rose from £55 billion to £65.6 billion.