Moves at Standard Life Wealth
STANDARD Life Wealth has promoted John Hair to chief investment officer, and Julie-Ann Ashcroft to head of investments, alongside Darren Ripton.
Reporting directly to Richard Charnock, chief executive officer, Mr Hair will have responsibility for the overall performance of Standard Life Wealth’s investment portfolios, which have more than £6.7 billion assets under management
Alongside his duties as chief investment officer, John will continue to manage portfolios for charities, private clients, trusts and pensions.
Ms Ashcroft will report into John Hair, and will assume overall responsibility for Standard Life Wealth’s conventional portfolios, as well as managing the balanced bridge fund, and the Standard Life wealth offshore income fund.
Darren Ripton will continue in his role as head of investments, where he has the responsibility for the oversight of Standard Life wealth’s target return portfolios.
Commenting on the appointments, Mr Charnock, said: “It is testament to the depth of talent we have in the business that we were able to fill this role internally.
LCP opens office in Scotland
COMMERCIAL property firm LCP has announced that Roddy Proudfoot will head up its new Scottish office, in the role of asset manager.
Mr Proudfoot will lead the team in Glasgow from where he will manage the firm’s burgeoning Scottish retail and industrial portfolio.
The group’s managing director Nick Burgess said its first office in Scotland signified its "commitment to investing further in our portfolio across the country”.
Mr Proudfoot joins LCP with almost 20 years’ commercial property experience, latterly for Patrizia UK, where he was head of asset management for Hillington Park.
He said: “It represents a great opportunity to play a key role in the continued development of LCP’s portfolio and the direction of the new office.”
LCP’s Scottish portfolio has risen to 25 holdings in recent years and includes Knightwood and Govan Cross Shopping Centres in Glasgow, Airdrie Retail Park and Forbes Court in Falkirk.
LCP is aiming to invest £200m this year in both retail and industrial properties.
Gilson Gray enters family market
LEGAL firm Gilson Gray has hailed the appointment of Philippa Cunniff, as it launches a family law division as part of a strategy to target further growth in new sectors.
Ms Cunniff will now be tasked with building the Family Law team at Gilson Gray fresh from her role as partner and head of family law at HBJ Gateley.
Ms Cunniff leaves HBJ in advance of its merger with Addelshaw Goddard.
Bringing more than 16 years of family law experience, the move will enable Gilson Gray to offer family legal expertise – as it marks its third anniversary with further growth to its pool of talent.
Ms Cunniff, who is dual qualified, will also be joined by paralegal Michelle McNaughton with whom she has 15 years’ working experience – and is already in the process of identifying more talent to join her team. Further hires are expected at the firm shortly.
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