Standard Life Investments has raided rival Scottish investment giant Aberdeen Asset Management to appoint Archie Strutters as its new head of investments.
Struthers will join SLI on 9 January from Aberdeen, where he was global head of investment solutions, the company said in a statement announcing its plans. Struthers will report to Rod Paris, chief investment officer with responsibility for investment governance, the company’s investment operating platform, MyFolio and derivatives counterparty management.
He takes over a position that will be vacated by Bill Lambert, head of investment process who is retiring in March 2017 after 13 years at Standard Life Investments and 27 years in the investment industry.
Among his achievements with the company, as director of investment governance, Lambert established the function which is responsible for ensuring that the company’s investment processes are applied by all the investment teams and that investment activity is consistent with both regulatory requirements and investment guidelines.
More recently, as head of investment process, Lambert has held a “broader leadership role” within the investment team, the statement added.
Rod Paris, chief investment officer, Standard Life Investments, thanked Lambert for his “significant contribution”. Lambert will continue in his existing role until he retires on 31 March 2017, and over the next three months he will work alongside Struthers as he beds into his new role.