Standard Life Investments, the fund management arm of UK life insurer Standard Life, has hired an investment manager for its multi-asset team from rival Scottish Widows Investment Partnership.

David Millar was head of bond strategy and chair of the bond policy group at Swip, reporting to Rod Davidson, head of global fixed income. At Standard Life he will oversee some insurance funds, as well as investing fixed income assets in the firm's absolute return and liability-driven investment funds.