Skandia has created two new roles for its investment consulting business as part of an organisational restructure, with Intech founder Ron Liling returning to the group as chief investment officer (CIO).
Intech's previous CIO Hugh Dougherty will remain with Skandia's global parent, the Old Mutual Group. Fraser Murray has also been promoted to the job as head of equities and property.
"Ron's vast knowledge of client needs, and his previous success in the role meant it was only natural that he should be appointed chief investment officer as part of the reorganisation," Skandia chief executive Ross Laidlaw said.
The two new roles include general manager, investments and institutional development executive. The two roles will replace the position of general manager, investment and consulting, which was previously held by Michal Monaghan.
Monaghan announced that he would resign from the job following the acquisition of Intech by Skandia in September 2006. He will still remain in the job as director of Intech Fiduciaries Limited.
"The new roles will bring greater clarity to the business with a clear focus on investments and institutional sales," Laidlaw said.
The general manager, investments will report to the chief executive and will work with Liling as well as oversee the division's business performance.
The institutional development executive will bring together the institutional client services and business development group under one team. The role will focus on sales and services for the firm's institutional clients. The job will report to the general manager, investments.
Laidlaw said the firm was looking to hire an additional two people in product development.
"We will be developing more innovative investment products for both our retail and institutional clients," he said.
