Six senior portfolio managers have departed Aberdeen Standard Investments’ equity desk as part of a broad overhaul following last year's merger between Standard Life Investments and Aberdeen Asset Management.
Three managers left the firm's global equity team and another three left the firm's UK equity equity team as Standard Life and Aberdeen completed the integration of the two firm's equity teams.
Following the restructure, the global equity team now has 17 members based in Edinburgh and Boston while the UK equity team comprises 15 members, an Aberdeen Standard spokesman confirmed.
Jamie Ramos Martin, investment director within the global equity team, has decided to leave the firm to pursue other opportunities.
He was named on two Canadian-based mutual funds the Manulife Global Equity Unconstrained fund and Manulife Global Equity Unconstrained Class fund, which will now be managed by another Standard Life global equities portfolio manager, Donal Reynolds.
Meanwhile, Kevin Troup and Ross Mathison, co-portfolio managers of the Manulife Global Dividend Growth fund and Manulife Global Dividend Growth Class fund, have decided to retire and pursue other opportunities, respectively.
Troup, who has been with Standard Life for almost eight years, mainly managed global equity portfolios with a specialization in global equity income. Prior to Standard Life, he had worked at Martin Currie Investment Management for seven years and Scottish Life for five years.
Mathison, who joined Standard Life in September 2009, has served in various roles at Standard Life including investment analyst and investment director.
As a result of Troup and Mathison's departures, Standard Life’s Dominic Byrne and Reynolds will take over portfolio management responsibilities for the two Manulife funds.
The firm has also restructured its UK equity team as Karen McKellar retires from fund management, Citywire USA's sister publication Wealth Manager first reported. The UK equity team is now led by UK equities head Andrew Millington and deputy head of equities Lesley Duncan.
Within the UK equity team, Citywire+ rated Henry Flockhart, manager of the UK Equity High Alpha fund, and Adam McInally, have also left the business. In March 2017, David Cumming, the former head of UK equities at Standard Life Investments, quit the firm days after it agreed a deal to acquire Aberdeen Asset Management.
Standard Life Investments and Aberdeen Asset Management agreed to a $13.5 billion merger in March last year.