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LONDON, April 28 (Reuters) - Investment manager AberdeenAsset Management said the head of the Scottish Widowsfunds business it recently bought from Lloyds Banking Group was leaving as part of the unit's absorption into itsnew owner.
Aberdeen said on Monday that Dean Buckley, chief executiveof Scottish Widows Investment Partnership (SWIP), leaves alongwith Lynda Shillaw, who was director of real estate, MarkConnolly, director of Fixed Income and Will Low, who wasdirector of global equities.
Aberdeen struck a deal in November to buy SWIP for about 660million pounds ($1.11 billion), creating Europe's biggest listedstandalone fund manager. In late March it received regulatoryclearance for the deal, which completed on April 1.
In the combined group, the equities, fixed-income andproperty businesses will continue to be managed by Aberdeen'sHugh Young, Brad Crombie and Pertti Vanhanen.
Aberdeen also said it was making its alternatives arm, whichmanages holdings in hedge funds, private equity, infrastructureand property, into a standalone division led by AndrewMcCaffery.
The move separates the alternatives division from AberdeenSolutions, which will now be run by SWIP's Archie Struthers.
Aberdeen is also creating a quantitative investments unitled by SWIP's Sean Phayre.($1 = 0.5948 British Pounds) (Reporting by Chris Vellacott; Editing by Erica Billingham)
