Scottish Widows Investment Partnership

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Scottish Widows Investment Partnership (SWIP)
Type Ltd.
Industry Investment management
Founded 2000
Headquarters Edinburgh, Scotland
Products Investment management
Employees 490
Parent Aberdeen Asset Management
Website www.swip.com

Scottish Widows Investment Partnership (SWIP) is an asset management company based in Edinburgh, Scotland. It is one of Europe's largest asset management companies, with £146 billion[1] of funds under management as at 31 December 2013. These funds are invested across all major asset classes – including worldwide equities, property, bonds, multi-asset, multi-manager and cash.

History[edit]

Scottish Widows Investment Partnership was created in 2000 following the merger of two well-established asset management companies, Scottish Widows Investment Management and Hill Samuel Asset Management. SWIP came into being under the leadership of Orie Dudley who resigned later that year to move to Northern Trust.[2] He was replaced by Bill Main, formerly Deputy Chief Executive at Scottish Widows. After Bill Main retired in 2003,[3] Chris Phillips became CEO at SWIP until he announced his intention to move to Morley Fund Management in 2007.[4] Dean Buckley, joined SWIP as Managing Director in January 2008 following 12 years with HSBC Investments. Mr Buckley left SWIP on completion of the Aberdeen Asset Management PLC acquisition.

On 1 April 2014, Aberdeen Asset Management PLC announced the completion of their acquisition of SWIP from Lloyds Banking Group in an RNS to the London Stock Exchange.[5] SWIP is now part of Aberdeen Asset Management PLC.

Current operations[edit]

SWIP promotes a range of mutual funds through financial advisers and investment platforms. SWIP also manages a diverse range of specialist funds for a range of institutional clients, including large pensions, charities and local government in the UK, Europe and the US. In addition, Scottish Widows Investment Partnership manages life assurance, pension and investment funds for Scottish Widows which is part of its largest single client, Lloyds Banking Group. Scottish Widows Investment Partnership Limited is part of Aberdeen Asset Management PLC and the trademarks "SWIP" and "Scottish Widows" are used temporarily under licence from Lloyds Bank plc.

SWIP employs around 500 staff including more than 150 investment professionals.

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