Scottish Widows Investment Partnership (SWIP), the asset management arm of Lloyds TSB, has appointed Andy Frepp as global marketing director. He replaces John Griffith, who was responsible for the role until a permanent successor could be found. He has returned to the US to head SWIP’s North American business.
The previous global marketing director, Fiach Maguire, left in May after a year in the job. Griffith had previously worked at Scottish Widows during the Nineties, but left in 1999 to be managing director of Global Asset Management in New York.
Frepp officially starts next week. He joins SWIP from Scottish Widows, where he was marketing director, reporting to managing director of marketing and distribution Nathan Moss (MW June 27). Scottish Widows would not confirm who will replace Frepp.
SWIP became part of Lloyds TSB in March 2000 and had to combine funds from Scottish Widows, Lloyds TSB, and financial services providers Hill Samuel Life Assurance Company and Abbey Life, which Lloyds TSB had acquired. Chief investment officer Sandy Nairn was taken on at the end of 2000 to oversee the organisational restructure. SWIP manages about £80bn of funds.
In July, Scottish Widows had to apologise to clients’ relatives for a direct mail mix-up, when 100 deceased people were offered health care (MW July 18).