Ignis Asset Management has selected Michael Timmerman as head of multi-manager range, FundWeb reports. He is managing director of the Ignis Advisors fund-of-funds business of the U.K. firm, which manages more than £67 billion assets.
Timmerman succeeds Simon Mungall, who has been appointed head of tactical asset allocation. Timmerman will be responsible for handling three retail funds, the Ignis Multi Manager Growth, Multi Manager Balanced, and Multi Manager Cautious funds, alongside his institutional mandates. Timmerman came to Ignis Advisors as managing director and CIO in 2010 from Aberdeen Asset Management, global investment management group.
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Ignis Asset Management Simon Mungall Aberdeen Asset Management U.K. Michael Timmerman