27 February 2019

Metro Bank to be investigated by regulators following accounting oversight

3 min read

Royal London logo
Kimberley Robinson

Corporate PR Manager


Commenting on the latest development for Metro Bank relating to a previous accounting error, Ashley Hamilton Claxton, head of responsible investment, Royal London Asset Management, said:

“Governance issues are always the canary in the coal mine. This case is no different. We are seeking a meeting with the company to understand the steps it is taking to reassure shareholders and improve governance and accounting oversight.”

RLAM holds £4.9m, 380,000 shares, 0.39% market cap

For further information please contact:

Kimberley Robinson, Corporate PR Manager

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 £114 billion of assets and employs 92 investment professionals as at December 2018. It invests in all major asset classes including UK and overseas equities, government bonds, investment grade and high yield corporate bonds, property and cash.

For professional clients only, not suitable for retail investors.

Issued February 2019 by Royal London Asset Management Limited, registered in England and Wales number 2244297; authorised and regulated by the Financial Conduct Authority. Registered Office: 55 Gracechurch Street, London, EC3V 0RL.

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