Royal London Asset Management has restructured its global equity team with immediate effect, following the departure of its head of equities and some members of the wider global equities team.
Piers Hillier
Peter Rutter, former head of equities at Royal London AM, resigned earlier this year, alongside several members of the global equities team, who are believed to be setting up their own company.
Piers Hillier, chief investment officer, will take on responsibility for Royal London AM’s global equity capabilities.
He brings more than 30 years’ experience, including previously serving as head of international equities at Kames Capital, as well as numerous senior global investment roles at other firms.
Matt Burgess will support Hillier in managing the global equity team, as well as continuing as head of quant strategies.
Also supporting Hillier will be Richard Marwood, co-head of UK equities; Mike Fox, head of sustainable; Bixuan Xu and George Crowdy, who both serve as fund managers; and Dimon Davies, assistant fund manager.
Royal London AM confirmed that the team is also set to draw on the support and input of its teams across asset classes, as well as its responsible investment team.
“We remain committed to offering a first-class equity capability and will continue to invest in the team,” said Hans Georgeson, chief executive of Royal London AM.
“Piers brings huge experience to the leadership of our global equities capability, supported by an extremely talented team that also bring many years of expertise in equity markets.”
According to the asset manager, there will be no change to the investment approach which underpins its equity capabilities across global equity, UK equity, sustainable or the quantitative funds, adding that the funds will continue to be managed in line with their objectives and restrictions.
“Royal London Asset Management has depth and capability across multiple asset classes, a long-term investment perspective, and our commitment to these asset classes is unchanged,” asserted Hillier.