Standard Life Investments (SLI) is reshuffling its investment team following the departure of Richard Batty, David Jubb and David Millar to Invesco Perpetual, and in another move Lance Phillips, SLI's global equities investment director, is also leaving the firm.
Following Batty (pictured), Jubb and Millar’s departure, Ian Pizer will transfer from the firm’s government bond team to the Multi-Asset Investing team.
He will continue to hold responsibility for SLI’s Absolute Return Global Bond Strategies (ARGBS) fund and for generating ideas for the GARS portfolio. In his new position, Pizer will report to Guy Stern.
Roger Sadewsky, who co-manages ARGBS fund with Pizer, will continue with his existing responsibilities, reporting to Andrew Sutherland, although he will also make a more formalised contribution to the Multi-Asset Investing team's strategies, through his inclusion in the Strategic Investment Group.
Sadewsky will also continue to provide credit strategies for use in the credit, ARGBS and GARS portfolios.
Meanwhile, Neil Richardson, who reports to Euan Munro, will assume responsibility within the Multi Asset Investing team, for overseeing the equity strategies within the absolute return portfolios.
SLI said there will be no change to the investment strategy and that the firm can implement the changes with no impact on any of its client portfolios.
SLI said: ‘The very strong, cross-team base of intellectual capital that underpins our Multi Asset Investment and Global Equity capabilities remains intact and gives us complete confidence that we will continue to produce strong fund performance for our clients in the future.’
Following the departure of Phillips, Weeple will take on responsibility for the global equity portfolios previously managed by Phillips and will report to David Cumming.
SLI also recently appointed Wesley McCoy, who re-joins the firm, as an investment director in the global equity team. He left SLI in 2008 to pursue charity work, having joined in 1999.
It was announced Batty, Jubb and Millar left the firm to join Invesco Perpetual, to form a new multi-asset group.