Royal London Asset Management has restructured its global equity team following the resignation of its head of equities Peter Rutter and a number of the global equities team.
It is understood that Rutter and the departing team members are looking to set up their own company.
Royal London’s chief investment officer Piers Hillier will now take on responsibility for RLAM’s global equity capabilities. Hillier has over 30 years’ industry experience, including tenure as head of international equities at Kames Capital.
Hillier will be supported by Matt Burgess who continues as head of quant strategies, co-head of UK equities Richard Marwood, and head of sustainable Mike Fox.
Fund managers Bixuan Xu and George Crowdy, assistant fund manager Simon Davies and the RLAM analyst team remain in place. RLAM said the team also draws on the input from expert teams across different asset classes, and RLAM’s responsible investment team.
RLAM says there will be no change to the investment approach which underpin its equity capabilities across global equity, UK equity, sustainable or the quantitative funds.
Chief executive Hans Georgeson says: “We remain committed to offering a first class equity capability and will continue to invest in the team. [Hillier] brings huge experience to the leadership of our global equities capability, supported by an extremely talented team.”
