Standard Life Wealth has promoted John Hair to chief investment officer and Julie-Ann Ashcroft to head of investments alongside Darren Ripton.
Reporting directly to CEO Richard Charnock (pictured), Hair will have responsibility for the overall performance of Standard Life Wealth’s investment portfolios, which have over £6.7 billion assets under management, and will form part of the business’s leadership team based in London.
Alongside his duties as chief investment officer, Hair will continue to manage portfolios for charities, private clients, trusts and pensions.
Ashcroft will report to Hair and will take overall responsibility for Standard Life Wealth’s conventional portfolios, as well as managing the Balanced Bridge fund, and the Standard Life Wealth Offshore Income fund.
Ripton will continue in his role as head of investments, having responsibility for the oversight of Standard Life Wealth’s Target Return portfolios.
Both Hair and Ashcroft moved to Standard Life Wealth in 2013 following the acquisition of Newton's private client business.
Commenting on the appointments, Charnock said: ‘We are delighted that John [Hair] has accepted the role of chief investment officer.
‘It is testament to the depth of talent we have in the business that we were able to fill this role internally.’
He added: ‘[Julie-Ann Ashcroft] has made a significant contribution to the business since she joined following the Newton acquisition in 2013, and brings more than 10 years’ experience in the field.
‘She is a great addition to the investment leadership team we have in place here at Standard Life Wealth.’