05.05.2010
Scottish Widows Investment Partnership (SWIP) today announces the appointment of Mike McNaught-Davis to the newly created role of Head of International Equities.
Following a strategic review of SWIP’s international equity business, SWIP has taken the decision to combine global developed and global emerging markets to create an International Equities team. Under Mike’s leadership, the team will drive performance across SWIP’s global, Japanese, US and emerging market equity funds, totalling £6.3 billion in assets.1
With more than 22 years’ experience, Mike has held a number of senior fund management positions in international markets. Mike joined SWIP’s Global Developed Markets team in March 2008 as Investment Director responsible for managing SWIP’s Europe, Australia and Far East (EAFE) funds and for researching the global pharmaceutical sector. Prior to joining SWIP, Mike worked at Martin Currie Asset Management where his focus was on managing stocks across both the Global and Japanese desks. Before that he headed up the Japanese equity desk for F&C Asset Management and he also worked at Morgan Grenfell managing money in Japan for international clients.
Dean Buckley, Managing Director of SWIP, said:
“Mike has played a key role within our global developed team since joining SWIP in 2008. He has a wealth of experience in international equities and is well placed to spearhead our progress in this highly demanding market. This is the second internal appointment SWIP has made this week 2, reflecting the high calibre of investment expertise we have within the business.”
Mike McNaught-Davis, Head of International Equities, said:
“Over the past two years we have seen unparalleled market activity both here and abroad; in both developed and emerging markets. It is an extremely exciting time to be involved in the international equities business and I am delighted to be given the opportunity to drive forward SWIP’s strategy in this area.”
SWIP can also confirm that Andrew Ness, Jeff Casson, Mohammed Zaidi and Divya Mathur will be leaving its Global Emerging Markets team. A departure date has yet to be confirmed and in the meantime they will work with Mike McNaught-Davis and the International Equities team to ensure a smooth handover of responsibility and continuity of service for our clients.
- Ends -
Notes to Editors
1. Source: SWIP, as at 30 April 2010.
2. On Wednesday 4 May 2010, SWIP announced the appointment of Peter Cockburn as Head of UK Equities.
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, joint ventures and clients in the UK, across Europe, USA, Japan and Saudi Arabia.
- SWIP is one of the UK and Europe’s largest fund managers with £142bn funds under management (Source: Internal, as at 31 December 2009).
- 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 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.