Standard Life Wealth, the discretionary fund manager, has promoted John Hair to CIO, and Julie-Ann Ashcroft to head of Investments, alongside Darren Ripton.
Reporting directly to Richard Charnock, CEO, Hair will have responsibility for the overall performance of Standard Life Wealth’s investment portfolios, which have over £6.7bn assets under management, and will form part of the leadership team based in London.
Alongside his duties as CIO, Hair will continue to manage portfolios for charities, private clients, trusts and pensions.
Ashcroft, for her part, will report into Hair, and will assume overall responsibility for Standard Life Wealth’s conventional portfolios, as well as managing the firm’s Balanced Bridge fund, and the Standard Life Wealth Offshore Income fund.
Ripton will continue in his role as head of Investments, having responsibility for the oversight of Standard Life Wealth’s target return portfolios.
Both John and Julie-Ann moved to Standard Life Wealth following the acquisition of Newton private client business in 2013.
Commenting on the appointments, Richard Charnock, said: “We are delighted that John has accepted the role of CIO. It is testament to the depth of talent we have in the business that we were able to fill this role internally. John’s expertise in investment management equips him well, and his leadership skills will help drive our ambition to be a leading player in the discretionary investment management sector.
“Julie-Ann is a first class investment manager with exceptional investment skills and extensive client relationships. She has made a significant contribution to the business since she joined following the Newton acquisition in 2013, and brings more than 10 years’ experience in the field. She is a great addition to the investment leadership team we have in place here at Standard Life Wealth.”