30 January 2012
SWIP has appointed Dr Lucy O’Carroll to the role of Chief Economist. Reporting to Ken Adams, Head of Global Strategy, Lucy will be based in SWIP’s Edinburgh head office.
Lucy will be responsible for leading all aspects of SWIP’s analysis of global economic developments and prospects, with particular focus on the impact they have on growth, inflation, interest rates and bond yields.
Lucy joins SWIP from within Lloyds Banking Group where for the past two years she has been Senior Economist, reporting to Patrick Foley, the Group’s Chief Economist. In this role, Lucy was responsible for forecasts, analysis and strategic advice to the Wholesale bank. Most recently much of Lucy’s work has focussed on providing the Group with detailed economic analysis on the crisis within the eurozone. Prior to this, Lucy was Senior Research Director for HBOS Treasury for four years. She has also held other senior economist roles at RBS and Bank of England, as well as two years as a lecturer at University of Manchester’s School of Economics.
Lucy will succeed Richard Dingwall-Smith, who has been SWIP’s Chief Economist since 1998. Richard will remain at SWIP in the role of Senior Economic Adviser.
Ken Adams, Head of Global Strategy for SWIP, said:
“Lucy is a highly-respected and hugely-experienced economist and we are delighted to be able to welcome her to SWIP. She will make an immediate contribution to SWIP’s economic research, developing macro-economic views that can be capitalised on by our investment teams to add value on fixed interest, real estate, equity and multi-asset portfolios.
“Robust succession planning in such a key area of our business is vital. Richard has done a great job as SWIP’s Chief Economist over the past 13 years and I am pleased that we are able to retain his invaluable knowledge and experience within the business as he takes on the role of Senior Economic Adviser.”
- Ends -
Notes to Editors
- Lucy has a PhD in Economics and BA (Econ) (Hons) - University of Manchester:
- Lucy joins SWIP on Wednesday 1 February 2012.
- A high resolution photograph of Lucy is available upon request.
Scottish Widows Investment Partnership
- SWIP’s ultimate parent is Lloyds Banking Group, one of the largest financial services groups in the UK.
- SWIP has a geographically diverse client base with alliances and clients in the UK, across Europe, USA and Japan.
- SWIP is one of the UK and Europe’s largest fund managers with £136.92bn funds under management (Source: Internal, as at 30 September 2011).
- SWIP has a broad client base, managing assets for Pension Funds, Charities, Local Authorities, Life Funds, Unit Trusts, OEICs, Off-Shore Funds and Specialist Funds across all major asset classes.
- SWIP is authorised and regulated by the Financial Services Authority and is entered on their register under number 193707 (www.fsa.gov.uk).
- Investment markets and conditions can change rapidly and as such the views expressed should not be taken as statements of fact nor should reliance be placed on these views when making investment decisions. Past performance is not a guide to the future.
For further information please contact: www.swip.com/media
