Royal London Asset Management (RLAM), the investment manager of Royal London Unit Trust Managers (RLUTM) and RLUM, announces the appointment of Nora O’Mahony as non-executive director to the fund boards, with effect from 1 June 2019, subject to regulatory approval. This concludes appointments for both fund boards.
Nora will join the fund boards while retaining her role as head of product and fund development at Fidante Partners, a position held since the end of January. Previous to this she had a consultancy role at Pacific Asset Management. She also worked at GAM, London, for 15 years where for the later five years she was head of global product and fund development. Prior to this role, Nora was director, head of product strategy at Citigroup Asset Management for three years having started her career at Citi in 1989.
Alongside her senior-level executive career, Nora has held a number of board positions. These include chairperson GAM Sterling Management Limited, board member of GAM London Limited, GAM Unit Trust Management Company Limited and GAM Star Luxembourg, chairperson of product development committee and a member of GAM’s valuation committee. Other board experience includes Trustee of CitiGroup UK Pension Plan.
Commenting on her appointment, Andrew Carter, CEO, Royal London Asset Management and chairman of the fund boards, said:
“Paramount to our search for non-executive board representation was to find individuals that have strong asset management knowledge with a thorough understanding of fund structures and their operations, coupled with a shared vision for operating in the best interest of our customers. I am assured that Nora’s experience will complement that of the current board and bring a valuable external insight to the mix.
“Non-executive’s play a pivotal role in a board’s overall structure; having recently announced John Brett as a non-executive director to our fund boards, the fund boards are now complete, subject to regulatory approval on this last appointment.”
Nora O’Mahony, added:
“Investment management is about long-term investing, active management and safeguarding the interests of investors, all factors I know Royal London Asset Management embraces. Over the years I have faced a variety of situations, worked through demanding economic cycles, ultimately gaining valuable experience that has armed me with the necessary understanding and knowledge to work efficiently and collaboratively with management teams across a spectrum of eventualities.
“I look forward to serving on the investment fund boards and working with the other executives, playing an important role in debating and driving board proposals in pursuit of the best customer outcomes.”
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 end 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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