InvestmentsAug 22 2014

Swip sales trio depart following Aberdeen takeover

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A trio of sales staff from Scottish Widows Investment Partnership (Swip) has left the firm following its takeover by Aberdeen.

Bernard Henshall, former head of multi-manager distribution and strategic alliances at Swip, heads the latest list of departures from the firm.

The other staff to depart were Martin Jenkins, a strategic alliances investment sales director, and David Ross, investment sales director for Scotland and Northern Ireland.

Mr Henshall had joined Swip in 2007 from Winterthur, where he had been head of investment distribution after joining in 2001 from Ivory & Sime.

Mr Ross had been with Swip since 2000 and had been investment sales director since 2009. Prior to joining Swip, he had spent four years at Scottish Widows as a corporate pensions account manager.

Since Aberdeen completed the acquisition of Swip in April, many former Swip staff have left.

Swip chief executive Dean Buckley, director of global equities Will Low, director of real estate Lynda Shillaw and director of fixed income Mark Connolly all left soon after the acquisition was completed.

Aberdeen then closed down Swip’s global equities team, letting most of the managers leave.

The group’s former co-head of multi-manager Aidan Kearney also left the newly-merged group recently.