Aberdeen Standard Investments head of global equities Stephen Docherty is taking a step back after 25 years with the business.
The fund group said Docherty (pictured), who joined Aberdeen Asset Management in 1994, was leaving the business for personal reasons.
He will be replaced by Dominic Byrne, the current deputy head of global equities.
“Having spent 25 years working for the same company and with many fantastic people it was a difficult decision to make, but it is the right one for me and my family,” Docherty said in a statement. “I leave with the global equity team in good hands with Dominic at the helm to take it forward.”
Byrne has been with ASI since 2000, becoming part of the global equity team in 2008. He has run a handful of strategies since then and is currently co-manager on the SLI Global Equity Impact Sicav which launched in 2017.
ASI global head of equities Devan Kaloo said the team was well placed to continue to grow under Byrne’s leadership. ASI has been focused on expanding its regional research and global equity team which currently stands at 17-people strong, he said.
“I am sad to see Stephen to step down, but completely understand why he made this decision and fully support him,” Kaloo said. “He has made a considerable contribution to the company, our people and clients over the last 25 years. Stephen will leave with our heartfelt thanks and very best wishes for the future.”
ASI’s global equity team currently manages £8.9bn of assets for clients.
