UK – HBOS’s investment arm, Insight Investment Management, has announced its new senior management structure following the acquisition of Rothschild Asset Management this week.
The restructuring will see Gary Mairs, currently a managing director, promoted to the position of deputy chief executive and deputy chief financial officer.
With immediate effect Mairs will be responsible for three business units, each headed by a managing director. The retail business will be head by Insight’s current marketing director, David Norman. The institutional unit will be headed by Mark Connolly, who had a similar role at RAM. A managing director for the multi-manager business has yet to be appointed.
Other roles announced today are: Managing director of Insight’s fixed income business – Abdallah Nauphal, formerly fixed income chief investment officer at RAM and retail chief investment officer – David Kiddie, formerly RAM’s equities chief investment officer.
Details of Insight’s full management structure will be announced at a later date.
After acquiring RAM for 98 million euros, Insight now has funds under management of up to 107 billion euros.