John L Griffith, Jr to Head Scottish Widows Investment Partnership North American Operation
John L Griffith, Jr to Head Scottish Widows Investment Partnership North American Operation Scottish Widows Investment Partnership (SWIP), the research-led asset management house, is pleased to announce the recent appointment of John L Griffith Jr to head their North American business. Griffith, former Managing Director at Global Asset Management in New York City, has extensive institutional marketing and investment background and is recognised as a leader in his field. Griffith was previously an Investment Director at SWIP and is credited with the development of their European equity business in the US - winning 80% of the product opportunities in the US market prior to his departure in 1999. As a Board Director and reporting directly to Bill Main, CEO of SWIP, Griffith will be responsible for expanding the institutional investment business in North America and will also contribute to the firm's overall strategic development. SWIP is the asset management arm of Lloyds TSB and is one of the largest active fund management groups in Europe with assets of around $120 billion. Lloyds TSB is one of the largest banks in the UK. Chief Executive Officer at SWIP, Bill Main, commenting on Griffith's appointment said: "I am delighted that John is back to spearhead our business in the US - I have huge respect for what he has accomplished for us in the past and he will undoubtedly help us take our current business to another level. We clearly need a presence in the US and John has the expertise and flair to grow our business. Griffith added: "I am thrilled to be rejoining SWIP - the Firm has developed into an investment management powerhouse with the capability of delivering a broad array of high quality equity, fixed income, cash and real estate products to evermore sophisticated institutional investors. The opportunity to work with the SWIP team in taking the Firm to another level in America and globally is both a privilege and a significant challenge for me." For further information please contact: Caroline Partridge Head of Corporate Communications Tel: 0131 655 6527 Scottish Widows Investment Partnership caroline.partridge@swipartnership.co.uk Beth Kerr Media Relations Manager Tel: 0131 655 8461 Scottish Widows Investment Partnership beth.kerr@swipartnership.co.uk Lauren Miller Scottish Widows Investment Partnership Tel: (001) 609 921 1381 US Office lauren.miller@swipartnership-us.co.uk Notes to Editors: SWIP · SWIP is one of the UK and Europe's largest fund mangers with around $120bn* funds under management (*as at Dec 31 2001). · SWIP has a broad client base, managing assets for Pension Funds, Charities, Local Government, Unit Linked Life Funds, Unit Trusts, Investment Trusts, Oeics, Off-Shore Funds and Specialist Funds across all asset classes. · It has a geographical diverse client base with alliances, joint ventures and clients in the UK, Europe, USA, Hong Kong, Japan, South East Asia and the Middle East. · SWIP's ultimate parent is Lloyds TSB, one of the most powerful financial services groups in Europe. · Past Performance is not a guide to the future. The value of an investment and the income from it can fall as well as rise and is not guaranteed. · ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/04/30/20020430BIT00910/wkr0001.doc http://www.waymaker.net/bitonline/2002/04/30/20020430BIT00910/wkr0002.pdf