New post for Savage

Ex-Standard Life CFO takes up role at Numis Corporation

Standard Life AberdeenCity broker Numis Corporation has appointed Luke Savage, former chief financial officer of Standard Life, to its board.

Mr Savage held the post at Standard Life between 2014 and 2018 but left when top jobs were handed out in the merger with Aberdeen Standard Investments.

He has joined the Numis board with immediate effect as a non-executive director, succeeding Geoffrey Vero, who departs with immediate effect after 15 years with the broker.

Mr Savage was among a number of high profile departures following the Aberdeen merger. A number of staff from the investment team left, including head of equities David Cumming who joined Aviva Investors in January 2018 as chief investment officer, equities.

Last July Aviva took on a team of eight former equity fund managers from Standard Life Aberdeen, including Mikhail Zvervev, head of global equities, and Alistair Way, head of global emerging market equities.

Aviva Investors is to launch a global unconstrained fund and a global emerging market (GEM) unconstrained product next quarter.

Cumming said Aviva Investors, which has an office Queen Street, has “a strong GEM team” and that the new products would be similar to those run at Aberdeen Standard Investments, with the people running them “probably Edinburgh based” and the launches happening “as quickly as possible”.

There has been an overhaul of the UK equity funds earlier this month and the establishment of a US equities division in October 2018.

See also:

New job at bank for Standard Life veteran


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