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Gars manager resigns from ASI to seek ‘new challenge’ Neil Richardson says it was a ‘privilege’ working on absolute return giant but that he needed a change One of the lead managers on Aberdeen Standard Investments’ Global Absolute Return Strategy has resigned. In a Linkedin post, Neil Richardson said he had decided to step away from the fund group of his own accord, after nearly a decade, and was “looking for a new challenge”. Richardson was one of four portfolio managers on the £3bn Gars fund alongside Katy Forbes, Scott Smith and Thomas Maxwell. In total the Gars team manages £10bn in assets, most of which is UK wholesale and institutional money. ....
Hymans Robertson – Leonard Bowman from Bath Actuarial Consulting (BAC) will be joining Hymans Robertson as new partners. The appointments follow the announcement that Hymans has acquired BAC. The acquisition is expected to boost Hymans’ pensions and financial services to corporates across the defined benefit (DB) and defined contribution (DC) market. Bowman and Udale-Smith founded BAC in 2012. They previously worked at Willis Towers Watson, where they held senior scheme actuary as well as management roles, for a combined period of more than 35 years. At BAC, they grew a corporate consulting business from scratch, with clients whose DB liabilities range in size from £200m to over £20bn. They also developed governance and technology services, which are used by trustees and DC governance committees of some of the largest UK pension arrangements. ....