Man killed on charity bike ride leaves £1.6m

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A FINANCE boss who was tragically killed on a charity bike ride left a fortune of more than £1.6 million.

Andrew McMenigall, 47, from Edinburgh, was riding alongside colleague Toby Wallace when they were struck by a 32-ton lorry near Newquay in Cornwall last July.

The men, who both died at the scene, were cycling 874 miles from Land’s End to John O’Groats to raise money for the Kirsten Scott Memorial Trust.

They were just hours into the challenge, set up in memory of former colleague Kirsten, from Edinburgh, who died from cancer at the age of 25, when they were killed on the A30 dual carriageway.

It has now emerged that Mr McMenigall, a father-of-two, an investment manager for global firm Aberdeen Asset Management, had an estate valued at £1,680,213 at the time of his death.

In his will, which was drawn up in 1998, he instructed that his entire fortune should be left to his wife Anne.

The bulk of his wealth was a £855,000 shares portfolio with Aberdeen Asset Management as well as a further £245,000 worth of shares in Aberdeen World Equity Fund.

He also had £165,000 in a Far Eastern fund and a £300,000 half share in his marital home in Edinburgh.

Mr McMenigall graduated from the Royal Military Academy, Sandhurst, before completing an MBA at the University of Edinburgh.

The respected sportsman, who had two daughters, was also vice-president of Edinburgh Triathletes, where he had coached Olympic stars.

He was posthumously honoured with the Local Hero prize at the Scottish Sports Awards last year for his coaching work.

He became involved in the charity cycle that claimed his life because one of his daughters had survived a brain tumour.

Hours before the tragedy, He wrote on his blog: “Here’s to tomorrow and let the fun begin!”

Mr Wallace, 36, worked for Aberdeen Asset Management in Philadelphia in the US as a relationship manager.

At the time of their deaths, Martin Gilbert, chief executive of Aberdeen Asset Management, said: “I knew both Andrew and Toby well. They were dedicated and popular members of our senior team.

“The fact that they died in such tragic circumstances while trying to help others less fortunate tells you much about their selflessness and humanity.

“This is a terrible day for the company. More importantly, our thoughts are with the families of Andrew and Toby.”

Gavin Calder, the club president of Edinburgh Triathletes, said: “I am sure that I speak for all in the triathlon and cycling communities in registering my shock and sadness at the tragic untimely death of our fellow ET Andrew McMenigall on the Cornish roads.

“Andrew loved cycling and I know he really enjoyed the last few months training for his Land’s End to John O’Groats challenge.

“Typically, he was doing it for the benefit of others.”

Following the incident a 31-year-old HGV driver, from Devon, was arrested on suspicion of causing death by dangerous driving, but later released on bail.