Ignis Asset Management has reshuffled the management of its retail multi-manager funds, a spokesperson for the company has confirmed.

The current head, Simon Mungall, is now in charge of tactical asset allocation, while Michiel Timmerman, head of the Ignis Advisors fund of funds business, will run the multi-manager funds from now on.

Timmerman, who joined from Aberdeen Asset Management last year, will stay on in his present role in addition to his new responsibility.

The three funds in the range are the £25.9 million ($41.5 million) Multi-Manager Cautious, £33.9 million Multi-Manager Balanced and £37 million Multi-Manager Growth funds.