Edinburgh-based fund management giant Standard Life Investments said it appointed Archie Struthers to the role of head of investments.
Struthers will join Standard Life Investments — which manages assets of roughly £270 billion — on January 9 from Aberdeen Asset Management, where he was global head of investment solutions.
Struthers will report to chief investment officer Rod Paris and will have responsibility for “investment governance, the investment operating platform, MyFolio and derivatives counterparty management.”
Struthers will assume the responsibilities of 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.
Paris said: “Archie has a blend of direct investment experience and client relationship management, across geographies, asset classes and investment channels which will equip him well for this broad investment management leadership role.
“His expertise from working in a multi-asset solutions role over the past 15 years is also an ideal fit for Standard Life Investments, as a market leader in multi asset investing and investment solutions.
“I would like to thank Bill for his leadership and guidance in this important area of our business and for his significant contribution to Standard Life Investments, where he has played a major role helping to build a robust governance and investment management framework.”
Lambert will continue in his existing role until he retires on March 31, 2017, and over the next three months he will work with Struthers to ensure a smooth transition.