Henderson starts manager reshuffle with Savill exit

A widescale reshuffle at Henderson Global Investors has seen manager Simon Savill, Bill Stormont and Paul Casson leave the firm

Simon Savill was manager of the £57m Henderson European Smaller Companies fund, which will now be tun by the group’s smaller companies team.

Mr Stormont will no longer co-manage the €1.73bn Henderson Horizon Pan European Equity fund, which the remaining manager Tim Stevenson will head up supported by three investment professionals.

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Meanwhile, Mr Casson will be replaced on the €154.4bn Henderson Horizon Pan European Alpha fund by Léopold Arminjon and John Bennett.

The fund will still focus on large cap European equities but will be managed using the strategy employed by the Tucana and Gartmore European Equity Long-Short funds.

This departures comes shortly after the group announced in December it would undergo a consultation to cut up to 90 jobs.