UK - Former Phillips & Drew (P&D) fund manager Malcolm Murray has joined SG Asset Management, eight months after leaving the UBS-owned fund manager.
Murray will join SG as a board director and senior UK fund manager, running specialist UK portfolios. He joins the firm after a 21 year stay at P&D, where he will be reunited with former P&D colleague Keith Percy.
He also claimed that prior to joining SG, he was on the verge of leaving the industry altogether: “I had become disillusioned and was close to leaving the industry as I found most of the large investment houses stifle creative forward-looking investment ideas.”
“However SG, in my opinion, has found a balance between control and flair, youth and experienced talent. I relish the prospect of working in this fertile breeding ground for investment ideas.”
Additionally, SG has added Catherine Rudd to its ranks. Rudd, formerly of PricewaterhouseCoopers and Deutsche Asset Management, joins as as a UK smaller companies fund manager.
By Geoffrey Ho
The Brunel Pension Partnership has become the fourth local authority pool to receive the green light from the regulator.
Defined benefit (DB) schemes are to be offered a new consolidator as the former chief of the Pension Protection Fund (PPF) launches 'The Pension SuperFund'.
Martin Freeman has been hired as head of technology product and development at Smart Pension, to support the 'growing' technology product side of the business.
Tim Sharp says the government has missed some big opportunities to help workers in the DB white paper.