Henderson SRI team 'at risk of redundancy'

Henderson Global Investors' sustainable and repsonsible investment (SRI) team is on the verge of leaving the firm after their funds are to be handed to other parts of the business.

George Latham (pictured) and Tim Dieppe are "at risk of redundancy" according to the company, after it announced the four funds would be passed to other investment teams in the New Year.

The duo manage the group's Global Care Growth, Global Care Managed, and Industries of the Future funds, as well as the Global Care UK Income fund.

The first three will now be handed to Neil Rogan and his global equities team, while the value and income team will run the Global Care UK Income fund.

Henderson said in a statement: "Members of the SRI team at Henderson have been provisionally identified as at risk of redundancy as Henderson has decided no longer to have a separate team to manage SRI funds.

"The team is exploring a range of options and remains in conversation with Henderson in this regard."

Henderson said Latham, head of SRI funds, and Dieppe, SRI fund manager, will remain in place at the firm until the end of the year.