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Fund manager strengthens team

Hair and Ashcroft promoted at SL Wealth

John HairStandard Life Wealth, the discretionary fund manager, has promoted John Hair to chief investment officer, and Julie-Ann Ashcroft to head of investments, alongside Darren Ripton.

Reporting directly to Richard Charnock, chief executive, Mr Hair will have responsibility for the overall performance of Standard Life Wealth’s investment portfolios, which have over £6.7 billion assets under management, and will form part of the leadership team based in London. 

Mr Hair will continue to manage portfolios for charities, private clients, trusts and pensions. 

Ms Ashcroft will report into John Hair, and will assume overall responsibility for Standard Life Wealth’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 Standard Life Wealth’s target return portfolios.

Both Mr Hair and Ms Ashcroft moved to Standard Life Wealth following the acquisition of Newton private client business in 2013. 

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