Aberdeen has restructured its investment division following the acquisition of Scottish Widows Investment Partnership (Swip) on 1 April.

As part of the restructure, SWIP chief executive Dean Buckley will leave the group along with three other three divisional directors.

The three other directors leaving SWIP include Lynda Shillaw, director of real estate, Mark Connolly director of fixed income and Will Low, director of global equities.

Under the change, Aberdeen will create new units encompassing alternatives and quantitative investments.

The alternatives division will be led by Andrew McCaffery and will encompass hedge funds, private equity, infrastructure and property multi-manager strategies, while the quantitative investments unit will be headed by Sean Phayre, former director of Swip’s quantitative investments team, to manage passive equity portfolios.

Also, Aberdeen solutions will now be headed up by Archie Struthers, who was previously managing director of investment solutions at Swip.

In addition, Aberdeen’s active equities, fixed income and property arms will be led by Hugh Young, Brad Crombie and Pertti Vanhanen respectively, while Mandy Pike, Aberdeen’s global head of dealing, will join Aberdeen’s Group Management Board (GMB).

Furthermore, Anne Richards, chief investment officer, will take over responsibility for Aberdeen’s multi-asset funds.

Martin Gilbert chief executive Aberdeen said: ”The creation and enlargement of these units further emphasises the breadth of Aberdeen’s investment capabilities. Alternatives, investment solutions and quant equity can all play important roles in delivering a diversified range of returns to clients."

"Dean, Lynda, Mark and Will all made significant contributions to the Swip business and helped ensure it was in the best possible shape as the acquisition completed," he added.