Five more managers head for exit at SWIP

Scottish Widows Investment Partnership (SWIP) has named five more managers who have left the firm following the restructure of its equity desk.

A SWIP spokesperson confirmed that UK equity managers David Keir and Martin Todd were set to leave, alongside UK income manager Chris Fontela, financials manager Michael Wasserman and institutional equity manager Risto Oja. The funds previously managed by these managers are now being managed on a team-based approach by SWIP's global equities team. They include the SWIP £66m UK Equity Income fund, and the £12m Financial fund. SWIP announced the repositioning of its £54bn equities team in April and the culling of 23 investment roles. The firm published a list of the revised global eq...