Dean Buckley, CEO of Scottish Widows Investment Partnership, which was acquired by Aberdeen Asset Management this month, and three other former SWIP employees will leave the firm, a spokesman for Aberdeen said.
Also leaving are Lynda Shillaw, director of real estate; Mark Connolly, director of fixed income; and William Low, director of global equities.
The changes are part of a realignment of Aberdeen's investment division following the acquisition.
Alternatives will become a stand-alone entity, led by head of alternatives Andrew McCaffery. It previously was part of the Aberdeen solutions unit. Mr. McCaffery is responsible for alternatives globally, covering hedge funds, private equity, infrastructure and property multimanager strategies.
Aberdeen solutions unit, an independent business responsible for investment strategies across a range of asset classes and risk profiles, will be led by Archie Struthers, previously managing director of investment solutions at SWIP, and now global head of investment solutions.
The firm also created a quantitative investments unit, led by Sean Phayre, the former director of quantitative investments at SWIP, in his new role as head of quantitative analysis. The team focuses predominantly on market-cap passive equity portfolios.
Messrs. McCaffery, Struthers and Phayre will all join the Aberdeen's group management board. Mandy Pike, global head of dealing, has also joined the board.
“The creation and enlargement of these units further emphasizes the breadth of Aberdeen's investment capabilities,” said Martin Gilbert, CEO of Aberdeen Asset Management, in a news release. Messrs. Buckley, Connolly and Low and Ms. Shillaw “all made significant contributions to the SWIP business and helped ensure it was in the best possible shape as the acquisition completed.”
The plans of the four who left could not be learned by press time.