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Aberdeen Standard Capital strengthens leadership team

04 May 2017

Aberdeen Standard Capital, the discretionary fund manager, is continuing to progress its ambitious plans to grow the business with the promotion of John Hair to Chief Investment Officer, and Julie-Ann Ashcroft to Head of Investments, alongside Darren Ripton.

Reporting directly to Richard Charnock, Chief Executive Officer, John will have responsibility for the overall performance of the business's investment portfolios, which have over £6.7 billion assets under management*, and will form part of the Leadership team based in London. Alongside his duties as Chief Investment Officer, John will continue to manage portfolios for charities, private clients, trusts and pensions.

Julie-Ann Ashcroft will report into John Hair, and will assume overall responsibility for the business's Conventional portfolios, as well as managing The Balanced Bridge Fund, and the Standard Life Wealth Offshore Income Fund. Darren Ripton will continue in his role as Head of Investments, having responsibility for the oversight of the business's Target Return portfolios.

Both John and Julie-Ann moved to Standard Life Wealth (now Aberdeen Standard Capital) 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 Chief Investment Officer. 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 Aberdeen Standard Capital."

Launched in 2008 Standard Life Wealth (which changed to Aberdeen Standard Capital on 21 January 2019), with offices in London, Edinburgh, Birmingham, Bristol and Leeds, and an offshore presence in the Channel Islands, provides both target return and conventional investment strategies for private clients, charities, trust companies and pension schemes.

* Launched in 2008 Standard Life Wealth (now Aberdeen Standard Capital) has £6.7billion of assets for private clients, charities, trust companies and pension schemes (31 December 2016).

Warning

Investment involves risk. - The value of investments, and the income from them, can go down as well as up and an investor may get back less than the amount invested. Past performance is not a guide to future results.