Progeny AM poaches abrdn's Mark Lane for head of active funds role

Following a decade at abrdn

Linus Uhlig
clock • 1 min read

Former abrdn investment director Mark Lane has joined Progeny Asset Management, stepping into the recently created role of head of active funds.

The role was created as part of PAM's wider restructure as it aims to create bespoke teams for each of its individual investment strategies.  abrdn GARS manager exits after nearly two decades Lane joins from abrdn where, as investment director, he helped to oversee the MyFolio Sustainable index fund range and co-managed the Dynamic Distribution fund alongside Robert Bowie.  "Progeny and the new head of active funds role felt like a natural fit for me, given the firm's exciting growth trajectory," said Lane, who also leaves his position as chair of abrdn's strategic asset allocation...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Linus Uhlig
Author spotlight

Linus Uhlig

Linus Uhlig is a reporter at Investment Week

More on People moves

Allspring GI names Kate Burke CEO as Joe Sullivan steps down

Allspring GI names Kate Burke CEO as Joe Sullivan steps down

Sullivan to continue as executive chair

Cristian Angeloni
clock 03 April 2025 • 2 min read
CEO Euan Munro and co-CIO Mitesh Sheth to leave Newton IM

CEO Euan Munro and co-CIO Mitesh Sheth to leave Newton IM

John Porter becomes sole CIO

Cristian Angeloni
clock 01 April 2025 • 2 min read
Liontrust hires former GAM Investment's Phil Rosenberg as distribution head for the Middle East and Asia

Liontrust hires former GAM Investment's Phil Rosenberg as distribution head for the Middle East and Asia

'Key step in our international expansion'

Sorin Dojan
clock 01 April 2025 • 1 min read
Trustpilot