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