Columbia Threadneedle asset allocation chief quits after 10 years

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Toby Nangle, head of asset allocation and multi-asset EMEA at Columbia Threadneedle, is leaving the firm after 10 years.

A Columbia Threadneedle spokesperson confirmed the changes to Citywire Selector.

Nangle, based in London and rated AA by Citywire, will sell several funds, including the Threadneedle (Lux) Euro Dynamic Real Return fund.

Nangle has led the EMEA-based multi-asset team of nine since joining the company in 2012, and decided to leave the company to pursue a career change, Citywire Selector understand.

Paul Niven, who has joined BMO GAM EMEA, will succeed Nangle as Head of Asset Allocation, EMEA, with responsibility for asset allocation teams and strategies in the EMEA region.

Niven, who has 20 years of experience in investment strategy and asset allocation, currently leads the multi-asset franchise of BMO GAM (EMEA). He also led the development of its €1.7 billion range of low-cost universal funds, as well as the management of the €6.4 billion F&C Investment Trust fund.

Columbia Threadneedle is currently recruiting an experienced portfolio manager to lead its Dynamic Real Return strategy, as well as to manage other multi-asset portfolios.

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