David Millar was named investment director of multiasset investing at Standard Life Investments, confirmed spokesman Richard England. The position is new. Mr. Millar will focus on absolute return and liability-driven investing strategies. He will report to Euan Munro, head of multiasset investing. Mr. Millar was head of bond strategy at Scottish Widows Investment Partnership. He will not be replaced, said spokeswoman Vicky Jackson; his responsibilities will be assumed by Stuart McMaster, head of bond fund management, and Graeme Caughey, head of gilts, Ms. Jackson said.