EDINBURGH, Scotland - Standard Life Investments, a unit of Standard Life Assurance Co., Europe's largest mutual insurer, appointed Paul Pasquill investment director with responsibility for its 16 mutual funds sold directly to the public.
The unit, Scotland's second-largest fund manager, recruited Mr. Pasquill, 45, from Halifax Fund Management, a unit of Halifax PLC, the U.K.'s largest mortgage lender. At Halifax he has been head of investments, managing £6 billion ($8.51 billion) of mutual, pension, and life insurance funds.
Mr. Pasquill, who joins Jan. 3, will be manager of Global Advantage, Standard Life Investment's largest mutual fund, with assets of $1.13 billion. The 16 funds manage $2.1 billion of assets.
Alan Burton, managing director of mutual funds at Standard Life Investments, said Mr. Pasquill was recruited to help the company expand in the retail market.