A spokesperson was clear to point out that while naming 18 members of the team, 15 of who are investment directors and managers, who will remain – under Will Low as head of global equities – SWIP is working closely with those outside this list to hopefully retain them elsewhere in the company or in the wider Lloyds TSB group.
The highest profile individual not on Low’s team sheet is Mike McNaught-Davis, head of international equities, with Chris Fontela and David Keir, joint managers of the UK Equity Income Fund, not making the cut either.
They will be joined in consultation with the firm about their immediate future by Nick Duncan and Stephen Hall, managers of the SWIP Japanese Fund and Michael Wasserman, manager of the SWIP Financial Fund.
There are two temporary transitional roles, one of which will be taken by Kathleen Dewandeleer, to provide the necessary support as the assets and the funds are moved across to the quantitative equities team.
Since the announcement on 13 April about the repositioning of its equities strategy, only one person has left the company, Peter Cockburn, formerly head of UK equities.
The new global equities team is:
Investment director/investment manager
James Clunie
Andrew Paisley
Gregor MacDonald
Vicky Watson
Tony Foster
Johnny Russell
Nick Ford
Iain Fulton
Stephen Corr
Mark Phillips
James Kinghorn
Catie Wearmouth
Greig Bryson
Craig Bonthron
Karolina Noculak
Desk assistant
Lisa Edmundson
Graduates
Ivan Kralj and Mark Benbow
