Nimmo steps down as ASI smaller companies head amid mid-cap launch

Succeeded by Andrew Paisley, supported by Abby Glennie

Andrew Paisley has been named as Aberdeen Standard Investments’ global head of smaller companies, succeeding Harry Nimmo who will “step away from the people and commercial management responsibilities” after 27 years in the role.

Nimmo will continue to manage the ASI UK Smaller Companies fund, Standard Life UK Smaller Companies trust and other UK smaller company portfolios, and will also co-manage the upcoming launch of a global mid-cap strategy alongside Anjli Shah. Aberdeen Standard Investments' Glennie revamps inherited smaller companies income trust The Global Mid Cap strategy, which is set to be launched in this quarter, will have a concentrated portfolio of stocks displaying growth and momentum characteristics, with "stock-specific risk" the "primary driver of portfolio returns". Paisley will be succe...