Royal London Asset Management (RLAM) today announced the appointment of Andrew Carter as chief execu...
Royal London Asset Management (RLAM) today announced the appointment of Andrew Carter as chief executive of its asset management team.
Carter, who is currently chief investment officer of RLAM, will retain his role as CIO when he commences his new position on 22 September.
He takes over from sitting chief executive Chris Philips, who is moving to Scottish Widows Investment Partnership later this year.
Carter says that he does not envisage any acquistions to follow the appointment.
"My preference is for organic growth, rather than acquisition. As such, I'll continue to invest in the people and technology that are central to RLAM, providing the service and expertise needed to drive the business forward," he adds.
Royal London's group chief executive Mike Yardley says that he is "delighted" with the appointment. Carter is viewed as a key member of the current senior team that has helped achieve RLAM achieve growth targets.
Reasons to be cheerful
Total investment reaches £9m
Medium to long-term capital growth