Ignis

Left Ashcourt Rowan following Towry deal

Fund launch in October

Two new non-exec appointments

11 mandates absorbed into SLI range

Standard Life Investments has appointed Shayne Dunlap co-manager of the Absolute Return Government Bond fund as former Ignis CIO Chris Fellingham leaves the firm.

Shares in Standard Life fell 3% in early morning trading as half yearly results revealed a drop in annuities sales had hit the Edinburgh-based group's profits.

AXA Investment Managers has hired two senior members to its EMD team as its head of emerging markets fixed income Damien Buchet departs.

Macquarie Investment Management (MIM) has appointed Austin McBride, formerly of Ignis Asset Management, as its head of UK wholesale, Investment Week can reveal.

Hexam Capital Partners is to close majority shareholder Bryan Collings' onshore Global Emerging Markets fund after assets shrunk to an uneconomical level.

Graham Ashby former head of UK equities at Ignis Asset Management, has replaced Richard Moore as manager of two equity funds at Santander Asset Management.