SLI reviews manager pay after Munro quits GARS team

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Standard Life Investments (SLI) is reviewing its remuneration policy after Euan Munro became the latest star name to announce his departure from the firm last week.

Munro (pictured), one of the founding members of the group's popular £18bn Global Absolute Return Strategies (GARS) team and head of the multi-asset at the group, will leave SLI in January to become CEO of Aviva Investors. His departure follows the deaprture of David Millar, Dave Jubb and Richard Batty who left SLI last September to join Invesco Perpetual. The trio held key roles in the GARS multi-asset team. Guy Stern, who has been appointed head of multi-asset & macro investing following Munro's departure, said SLI is reviewing its incentivisation programme. In a conference call ...

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