Royal London Asset Management appoints new Head of Wholesale
11 February 2016
Royal London Asset Management (RLAM), one of the UK’s leading fund management companies, today announces the appointment of Phil Reid as Head of Wholesale.
Phil, who will report directly to Rob Williams, RLAM’s Head of Distribution, will be responsible for expanding RLAM’s wholesale business, helping grow its current foot print whilst also developing RLAM’s advisory proposition. Phil, who will join RLAM shortly, will be responsible for building the wholesale team to support RLAM’s existing and new products and services, such as the launch of the new Multi Asset range.
Phil brings extensive experience in the wholesale asset management space, joining RLAM from HSBC Global Asset Management where he was most recently Head of UK Wholesale. In this role Phil was responsible for the sales strategy for HSBC’s UK external business. Prior to his roles at HSBC, Phil was Sales Director at Close Asset Management and previously held financial sales roles at the National Bank of Canada and RJ Temple.
Rob Williams, Head of Distribution at Royal London Asset Management, commented: “Phil is a key hire for us. He brings a wealth of experience and enthusiasm that will help spearhead our growth ambitions in the wholesale market, with a particular focus on the UK advisory sector.”
Commenting on his appointment, Phil Reid said: “I am excited to be joining RLAM at such a pivotal time. The company has a strong capability across major asset classes and a real commitment to build upon its established UK footprint.”
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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 £84.5 billion of assets and employs 75 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.
About Royal London:
Royal London is the largest mutual life, pensions and investment company in the UK, with Group funds under management of £84.5 billion. Group businesses provide around 9.1 million policies and employ 2,988 people. (Figures quoted are as at 31 December 2015).