Orie Dudley has resigned as chief executive and chief investment officer of Scottish Widows Investment Partnership (SWIP), Lloyds TSB’s investment arm, and is joining Northen Trust Global Investments as chief investment officer. Dudley oversaw the merger between Scottish Widows Investment Management and Hill Samuel Investment Management earlier this year following Lloyds TSB’s £7.3bn (E12bn) takeover of Scottish Widows.
Dudley will be based in Chicago but will oversee NTGI’s global offices including its European operations, based in London. He will also head global investment and participate in the allocation of Northern Trust’s $332bn (E370bn) in assets. Kevin Rochford, managing director at NTGI Europe, says Dudley’s experience within the UK and international markets will help Northern Trust build their asset management operations in Europe.