Aberdeen Standard Investments has announced that Harry Nimmo will step down as head of smaller companies after almost three decades in the role.
Nimmo will be replaced by Andrew Paisley, who is currently deputy head of smaller companies at the £526bn asset manager. However, Nimmo will continue to manage Aberdeen Standard Investments’ UK Smaller Companies fund, the Standard Life UK Smaller Companies Trust and other UK smaller company portfolios. He will also co-manage the company’s soon-to-be-launched Global Mid Cap strategy alongside Anjli Shah.
A statement from Aberdeen Standard Investments said Nimmo had decided it was “an appropriate time to step away from the people and commercial management responsibilities” he has had during his 27 years in the role.
In addition to Paisley’s promotion, Abby Glennie will assume the role of deputy head of smaller companies. Both will start their new roles on 31 March.
Nimmo said: “After over a quarter of a century in this role, it is the right time to hand the baton to Andrew who will do a fantastic job alongside Abby.
“I’m looking forward to focusing on my UK smaller companies portfolios and working with Anjli on the new global mid-cap strategy.”
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