Swip signs up ex-SLI man

AFTER suffering a number of departures to its local rivals, Scottish Widows Investment Partnership (Swip) has lured a senior figure from the Edinburgh fund management community.

Swip, the asset management business of Lloyds Banking Group, yesterday hired former Standard Life Investments board member Mark Connolly to head its new 70 billion fixed income business.

From Monday, he takes on the role of head of fixed income, reporting directly to chief executive Dean Buckley.

Swip has struggled against the perception of a staff exodus, with a string of high profile defections in 2009.