Global equities manager Beveridge leaves Swip

Colin Beveridge, investment director in the international equities team at Swip, is the second person to leave the Global Growth fund without a manager in a year.

Beveridge is leaving to pursue other opportunities in the market, the group says. He worked at Swip for six years, taking over the Scottish Widows Global Growth fund last October when former head of global developed market equities Ian Vose left for Investec. Swip says the 20-strong international equities team will run the fund in his absence and further managers will be added in due course.