Swip promotes Low to equities director
Reshuffle on equity management team sees Andrew November assuming new role alongside William Low.
Swip has promoted William Low as director of equities as part of a reshuffle of its senior management team.
He takes over from Andrew November, who has moved to the newly-created position of investment propositions director. Mr November will be responsible for Swip’s business conducted through Lloyds Banking Group, its parent company.
Mr Low was previously head of global equities, and will now be responsible for Swip’s global and specialist equity teams, as well as dealing and governance. He joined Swip from BlackRock in April 2011.
In April this year Swip announced plans to cut 23 fund management jobs, with head of UK equities Peter Cockburn among several high profile names to have left the company. Graeme Troy, head of UK rates, and equity managers David Keir, Martin Todd, Chris Fontenla, Michael Wasserman and Risto Oja all left the firm in May.
Swip managing director Dean Buckley said 2012 marked “a new direction and focus” for the company’s equity business, and claimed Mr Low’s promotion “underlines our commitment to active fund management”. Advisers had raised concerns that the job cuts would result in a greater emphasis on quantitative strategies.