Standard Life Investors’ head of equities departs

Exit-Man-Door-Depart-Leave-700.jpgStandard Life Investors’ head of equities, David Cumming, has left the firm to “pursue other interests”, the firm has announced.

The current head of European equities, Stan Pearson, has assumed the role of acting head of equities, while Andrew Millington, director of equity research is now acting head of UK equities. Both will continue to manage their respective retail and institutional funds.

Rod Paris, chief investment officer, Standard Life Investments, says: “I wish Stan and Andrew every success in their interim positions – making these internal appointments demonstrates the depth of talent we have within the 73-strong equities team.

“I would also like to thank David for his support and contribution to the business over the many years we have worked together, and wish him the very best.”

Earlier this week Standard Life and Aberdeen announced an £11bn merger deal which is set to create the biggest active management group in the UK and the second largest in Europe.