Ignis Asset Management has made its head of strategic alliance, Nick Pogmore, redundant, with the positions of up to 20 other employees in its London and Glasgow offices also in jeopardy, following “strategic change” within the firm’s business.

The firm said in a statement that the changes have been occurring for several months, as it diverts attention to investing in areas of “core strength”. Accordingly, it has identified approximately 20 roles which are “no longer aligned” with its future objectives.

“Affected employees will enter a consultancy period during which some will be offered new roles at Ignis and some, unfortunately, will be made redundant,” the firm said.  

In other news, Graham Ashby was appointed to manage the UK Equity Income Fund within Ignis' £5.7 billion (about $8.9 billion) UK equity team earlier this month.

Overall, Ignis has some £78 billion (about $122.2 billion) in assets under management, including £10.6 billion of stock lending, as of 30 September 2011.