The current head of European equities Stan Pearson has taken on the role as acting head of equities following Cummings’ departure, with Andrew Millington, director of equity research, becoming acting head of UK equities.
Pearson, with SLI for the past 10 years, has 32 years’ experience in the industry while Millington has spent nine of his 13 years in the industry with the firm.
Both will continue to manage their respective funds during the interim period.
Chief investment officer at SLI, Rod Paris, said: “I wish Stan and Andrew every success in their interim positions – making these internal appointments demonstrates the depth of talent we have within the 73-strong equities team.
“I would also like to thank David for his support and contribution to the business over the many years we have worked together, and wish him the very best.”
