Royal London Asset Management boosts institutional capability with appointment of John Burke
25 August 2015
Royal London Asset Management (RLAM) announces the appointment of John Burke as Head of Institutional, responsible for the growth and direction of RLAM’s institutional business.
John will take on this newly created role at the beginning of September and will report into Rob Williams, head of distribution at RLAM. John brings a powerful blend of perspectives to RLAM, with over 20 years’ experience in financial services, across both asset management and investment consultancy. Previously, he was Head of Business Development at Newton Investment Management, where he worked for over 15 years and was responsible for UK institutional and charity sales and consultant relationships. Prior to this, John was a Senior Investment Consultant for a UK financial services company, advising institutional pension funds on asset strategy and manager selection.
Rob Williams, Head of Distribution at Royal London Asset Management commented: “John is a great fit for RLAM and will bring fresh drive to our growth ambitions in the institutional space.”
John Burke added: “I am delighted to be joining RLAM at such an exciting point in their evolution. What attracted me to this role was the commitment of the senior team at RLAM to take their institutional business to the next level.”
RLAM has seen a steady growth in its institutional business in the second quarter of the year, with substantial wins such as the South Yorkshire Pensions Authority (almost £300 million). This follows the launch of the Royal London Buy & Maintain Credit Pooled Pension Fund in July 2015, with an initial investment from Volvo Corporate Trustee.
John’s hire follows RLAM’s high profile appointments of Piers Hillier as CIO in November last year and of Trevor Greetham as Head of Multi Asset in February. John’s expertise in the institutional space neatly slots into RLAM’s growth plans.
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About Royal London:
Royal London is the largest mutual life, pensions and investment company in the UK, with Group funds under management of £83.4 billion. Group businesses serve around 5.3 million policyholders and employ 2,922 people. (Figures quoted are as at 30 June 2015).
The Group is currently moving all of its UK and Ireland life, pension and investment businesses under a new version of the Royal London brand. The Group's independent wrap platform will remain branded Ascentric.
About Royal London Asset Management (RLAM):
Established in 1988, Royal London Asset Management (RLAM) is one of the UK's leading fund management companies, providing investment management solutions to both wholesale and institutional clients such as not-for-profit organisations, local authorities and the insurance sector.
RLAM manages over £83.4 billion of assets and employs 73 investment professionals. It invests in all major asset classes including UK and overseas equities, government bonds, investment grade and high yield corporate bonds, property and cash.