RLAM expands equity capabilities with creation of global equity team
10 January 2016
Royal London Asset Management (RLAM) today announces the creation of a global equity team, with the appointments of Peter Rutter, James Clarke and William Kenney.
Peter will be head of global equities and report into RLAM’s CIO Piers Hillier. James and William will be senior fund managers, both reporting into Peter. All three were previously at Waverton Investment Management. Out of the £101 billion of assets that RLAM has under management, £30 billion are in equity assets (as at 30 September 2016). With the arrival of this team, RLAM plans to offer its own global equities solutions to clients in 2017. These roles are subject to regulatory approval.
Peter was head of global equities at Waverton. Prior to that, he was a partner at IronBridge Capital Management and earlier in his career he was part of Deutsche Asset Management’s global equities team. James and William both worked at Deutsche Asset Management. Prior to Waverton, James was a partner at IronBridge Capital and William was a partner at Spencer House Capital Management.
The team will continue to manage the Waverton Global Core Equity Fund (USD116m) and also a mandate for Australia-based Ironbark Asset Management (Ironbark) the issuer of the Ironbark Royal London Concentrated Global Share Fund (AUD127m) which is distributed by Ironbark to Australian investors.
Piers Hillier, CIO at RLAM said: “We are thrilled to have Peter, James and William on board and to see RLAM’s equity capabilities expand. We boosted our UK equity capability last year, through the hires of Richard Marwood and Henry Lowson and look forward to meeting clients’ demand for global equity products this year.”
Peter Rutter commented: “We’re really pleased to be joining RLAM and its expanding equity team. This gives us the opportunity to combine our experience, approach and insights into global equities with RLAM’s strong distribution capability, both in the institutional and wholesale space. We are delighted to maintain relationships with Waverton, Ironbark and other clients going forward.”
For further information please contact:
020 7506 6620
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 £101 billion of assets and employs 76 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 £101 billion. Group businesses provide around 9.1 million policies and employ 3,179 people. (Figures quoted are as at 30 September 2016)